Israel: Merchandise exports increase at a milder rate in January
February 11, 2021
Merchandise exports edged up 2.6% annually in January, following December’s 14.1% upturn. Meanwhile, merchandise imports climbed 5.4% on an annual basis in January (December: +6.8% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 1.9 billion deficit in January (December 2020: USD 3.0 billion deficit; January 2020: USD 1.6 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 20.4 billion deficit in January, compared to the USD 20.2 billion deficit in December.
Author: Oliver Reynolds, Economist