Israel: Exports accelerate in February
April 11, 2016
According to the Central Bureau of Statistics (CBS), in February exports totaled USD 4.8 billion, which was up from January’s USD 4.7 billion. The reading marked a 2.1% increase over the same month of the previous year (January: +2.0% year-on-year).
Meanwhile, imports totaled USD 5.4 billion in February, which was up from the USD 4.7 billion seen in January. February’s reading was a 12.4% increase year-on-year, which was significantly up from the 1.4% increase observed in the previous month.
The trade balance recorded a USD 0.6 billion shortfall in February, which was a deterioration from January’s flat reading.
Author: Dirina Mançellari, Senior Economist