Israel Trade Balance September 2020

Israel

Israel: Merchandise exports slide at a softer pace in September

October 21, 2020

Merchandise exports ticked down 2.5% over the same month last year in September (August: -6.0% year-on-year).

September´s reading marked the best reading since January 2020. Meanwhile, merchandise imports inched down 3.0% in annual terms in September (August: -5.2% yoy), marking the best result since February 2020. As a result, the merchandise trade balance improved, recording a USD 1.3 billion deficit in September (August: USD 2.1 billion). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 21.1 billion deficit in September, compared to the USD 21.2 billion deficit in August.

Our panelists see exports and imports contracting 13.1% and 12.0% respectively in 2020, with a trade deficit of USD 14.7 billion. In 2021, panelists see exports and imports growing 8.8% and 8.6% respectively, with a trade deficit of USD 15.8 billion.


Author:, Economist

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Israel Trade Balance Chart


Israel Trade September 20 20

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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