Israel Trade Balance August 2021


Israel: Merchandise exports grow at a softer pace in August

September 15, 2021

Merchandise exports jumped 23.5% year-on-year in August (July: +33.7% year-on-year). Meanwhile, merchandise imports climbed 46.3% on an annual basis in August (July: +30.3% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 4.0 billion shortfall in August (July 2021: USD 2.8 billion deficit; August 2020: USD 2.1 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 29.7 billion deficit in August, compared to the USD 27.9 billion deficit in July.

Our panelists see exports and imports increasing 7.2% and 12.0% respectively in 2021, with a trade deficit of USD 15.1 billion. In 2022, panelists see exports and imports growing 6.1% and 3.7% respectively, with a trade deficit of USD 14.1 billion.

Author:, Economist

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Israel Trade Balance Chart

Israel Trade August 2021

Note: 12-month sum of trade balance in USD billion and annual average variation of the 12-month sum of exports and imports.
Source: Central Bureau of Statistics (CBS) and FocusEconomics calculations.

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