Israel: Exports and imports increase in September
October 30, 2019
Merchandise exports rose 5.7% in September in USD terms, contrasting August’s revised 6.9% fall (previously reported: -6.0% year-on-year). Imports rose 16.0%, contrasting August’s 6.6% decline, while the trade deficit widened in annual terms from USD 1.1 billion to USD 1.7 billion.
Looking at trend data—which removes irregular influences from the seasonally adjusted figures—exports in Q3 declined due to lower exports of both high- and low-tech goods. Imports were also down, amid declines in imports of raw materials, investment goods and consumer goods.
Author: Oliver Reynolds, Economist