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.