Israel: Merchandise exports slide in September
Merchandise exports sank 12.4% in annual terms in September, following August’s 27.4% jump. September’s outturn marked the sharpest decline since July 2020. Meanwhile, merchandise imports climbed 17.9% on an annual basis in September (August: +46.3% yoy), marking the worst result since February 2021.
As a result, the merchandise trade balance improved from the previous month, recording a USD 2.8 billion deficit in September (August 2021: USD 3.8 billion deficit; September 2020: USD 1.3 billion deficit). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 31.1 billion deficit in September, compared to the USD 29.6 billion deficit in August.