Israel Trade Balance April 2022


Israel: Merchandise exports grow at a softer rate in April

May 15, 2022

Merchandise exports rose 14.6% year-on-year in April (March: +35.9% year-on-year). The result marked the weakest increase since September 2021. Meanwhile, merchandise imports shot up 21.2% over the same month last year in April (March: +27.8% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.6 billion shortfall in April (March 2022: USD 3.2 billion deficit; April 2021: USD 2.7 billion deficit). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 38.0 billion deficit in April, compared to the USD 37.2 billion deficit in March.

Our panelists see exports and imports increasing 8.3% and 12.4% respectively in 2022, with a trade deficit of USD 24.7 billion. In 2023, panelists see exports and imports growing 4.6% and 4.6% respectively, with a trade deficit of USD 25.8 billion.


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Israel Trade Balance Chart

Israel Trade April 2022

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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