Israel Trade November 2019

Israel: Exports and imports decline in November

Merchandise exports fell 1.0% in November in USD terms, following October’s revised 24.3% drop (previously reported: -21.8% year-on-year), amid a challenging external environment. Imports fell 6.5% in November (October: -12.8% yoy, previously reported, -12.9% yoy). The trade deficit narrowed slightly in annual terms from USD 1.3 billion to USD 1.0 billion.

Looking at trend data for September–November, exports declined amid lower pharmaceutical shipments and soft external demand, while imports edged up on higher imports of raw materials and consumer goods.

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