Israel Trade Balance April 2021


Israel: Merchandise exports rise at a faster pace in April

May 13, 2021

Merchandise exports soared 40.5% annually in April (March: +12.6% year-on-year). April’s reading marked the strongest outturn since April 2010, and was likely supported by the lifting of restrictions abroad and global stimulus measures. Meanwhile, merchandise imports soared 52.2% over the same month last year in April (March: +21.6% yoy) as domestic demand recovered.

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 2.8 billion shortfall in April (March 2021: USD 2.7 billion deficit; April 2020: USD 1.6 billion deficit). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 23.6 billion deficit in April, compared to the USD 22.4 billion deficit in March.

Our panelists see exports and imports increasing 4.6% and 8.7% respectively in 2021, with a trade deficit of USD 14.1 billion. In 2022, panelists see exports and imports growing 6.4% and 6.5% respectively, with a trade deficit of USD 15.1 billion.

Author:, Economist

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Israel Trade Balance Chart

Israel Trade April 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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