Israel: Exports decelerate in October
November 12, 2014
In October, exports totaled USD 4.6 billion (September: USD 5.0 billion), according to the Central Bureau of Statistics (CBS). The reading marked a 15.9% contraction over the same month last year, which contrasted the 18.9% expansion recorded in September.
Meanwhile, imports totaled USD 5.6 billion in October, which mirrored the value registered in the previous month. As a result, imports declined 14.0% year-on-year, which contrasted the 3.6% increase tallied in September.
The trade deficit came in at USD 1.0 billion in October, which was unchanged compared to the same month last year. In the 12 months up to October, the trade deficit reached USD 13.9 billion, which was virtually unchanged from USD 14.0 billion deficit recorded in the 12 months up to September.
Author: Cecilia Simkievich, Economist