Israel: Merchandise exports grow at a softer pace in August
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.