Israel Trade June 2016

Israel

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.

FocusEconomics Consensus Forecast panelists expect exports to contract 6.4% in 2016. For 2017, the panel expects exports to expand 4.9%.


Author:, Senior Economist

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Israel Trade June 2016

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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