Israel Trade February 2016

Israel

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.

FocusEconomics Consensus Forecast panelists expect exports to contract 3.0% in 2016. For 2017, the panel expects exports to expand 4.5%.


Author:, Senior Economist

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Israel Trade Chart


Israel Trade February 2016

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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