Israel Trade

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Israel: Exports contract more in August

September 10, 2015

In August, exports totaled USD 3.5 billion (July: USD 4.6 billion), according to the Central Bureau of Statistics (CBS). The reading marked a 9.7% contraction over the same month last year, which was a slight deterioration over the 8.1% decrease seen in the previous month.

Meanwhile, imports totaled USD 5.4 billion in August, which matched the previous month’s figure. August’s reading was a 10.9% decrease year-on-year, which marked an improvement over the 18.4% decline observed in July.

The trade balance recorded a USD 1.8 billion deficit in August, which was up from the USD 2.1 billion deficit recorded in the same month last year but still undershot the USD 0.8 billion shortfall observed in the previous month.

FocusEconomics Consensus Forecast panelists expect exports to expand 4.4% in 2015 and 6.9% in 2016.


Author:, Senior Economist

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Israel Trade August 2015

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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