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.
Author: Dirina Mançellari, Senior Economist