Israel: Exports accelerate in September
October 30, 2016
According to the Central Bureau of Statistics (CBS), Israeli exports totaled USD 4.6 billion in September, which was up from August’s USD 3.8 billion and the highest result in six months. Exports expanded 19.9% from the same month of the previous year, which was a remarkable upswing from the 1.8% increase observed in August and the fastest expansion seen since April 2013.
Meanwhile, imports totaled USD 5.6 billion in September, slightly below the USD 5.7 billion seen in August. Imports jumped 37.4% from the same month of the previous year, which was above the 7.2% increase seen in August.
The trade balance recorded a USD 1.0 billion shortfall in September, an improvement from the USD 2.0 billion deficit seen in August.