Israel Trade September 2019

Israel

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.

FocusEconomics Consensus Forecast panelists expect exports and imports to grow 4.6% and 4.0% respectively in 2020, with a trade deficit of USD 18.7 billion. For 2021, panelists see exports growing 7.8%, imports growing 5.5% and a trade deficit of USD 18.3 billion.


Author:, Economist

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Israel Trade September 2019

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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