Israel Trade March 2016

Israel

Israel: Exports deteriorates in March

April 19, 2016

According to the Central Bureau of Statistics (CBS), March exports totaled USD 4.5 billion, which was up from February’s USD 4.1 billion. The reading marked a 12.8% decrease over the same month of the previous year (February: -11.6% year-on-year).

Meanwhile, imports totaled USD 5.7 billion in March, which was up from the USD 5.4 billion seen in February. March’s reading was a 6.8% decrease year-on-year, which contrasted the 12.5% increase observed in the previous month.

The trade balance recorded a USD 1.2 billion shortfall in March, which matched the previous month’s figure.

FocusEconomics Consensus Forecast panelists expect exports to contract 3.0% in 2016. For 2017, the panel expects exports to expand 4.5%.


Author:, Senior Economist

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Israel Trade March 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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