Israel: Merchandise exports increase at a milder, but still rapid, pace in November
Merchandise exports soared 10.8% on an annual basis in November (October: +37.1% year-on-year). Meanwhile, merchandise imports jumped 38.2% on an annual basis in November (October: +45.4% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.3 billion shortfall in November (October 2021: USD 2.8 billion deficit; November 2020: USD 1.5 billion deficit). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 33.6 billion deficit in November, compared to the USD 31.8 billion deficit in October.