Israel: Exports contract less in June
July 22, 2016
According to the Central Bureau of Statistics (CBS), exports totaled USD 3.9 billion in June, which was down from May’s USD 4.2 billion. The reading marked a 3.1% decrease over the same month of the previous year (May: -17.0% year-on-year), which represented a five-month low.
Meanwhile, imports totaled USD 5.4 billion in June, which was down from the USD 6.2 billion seen in May. June’s reading matched the figure tallied in the same month of the previous year. The flat reading was well below the 18.9% increase seen in May.
The trade balance recorded a USD 1.5 billion shortfall in June, which was better than the USD 2.0 billion deficit seen in May.
Author: Dirina Mançellari, Senior Economist