Israel Trade February 2020

Israel: Exports and imports fall sharply in February

Merchandise exports fell 6.7% in USD terms in February, contrasting January’s 3.3% increase, while imports were down 6.9%, coming after January’s 5.1% fall. The declines were likely due in part to the Covid-19 pandemic affecting supply chains and external demand.

Looking ahead, the external sector will likely remain under pressure in the months ahead as worldwide lockdowns hurt demand, although the recent depreciation in the shekel should support exports to some extent.

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