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.
Author: Oliver Reynolds, Economist