Israel: Merchandise exports increase in October
Merchandise exports soared 27.8% year-on-year in October, following September’s 6.0% drop. Meanwhile, merchandise imports climbed 45.3% on an annual basis in October (September: +17.2% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.2 billion shortfall in October (September 2021: USD 2.5 billion deficit; October 2020: USD 1.7 billion deficit). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 32.2 billion deficit in October, compared to the USD 30.8 billion deficit in September.