Israel Trade Balance January 2021


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.

Our panelists see exports and imports increasing 5.8% and 7.8% respectively in 2021, with a trade deficit of USD 12.7 billion. In 2022, panelists see exports and imports growing 6.4% and 6.7% respectively, with a trade deficit of USD 13.7 billion.

Author:, Economist

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Israel Trade Balance Chart

Israel Trade January 2021

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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