Israel: Exports fall at softer rate in November
December 13, 2016
According to the Central Bureau of Statistics (CBS), Israeli exports totaled USD 4.5 billion in November, which was up from October’s USD 3.5 billion. Exports declined 3.6% from the same month of the previous year, which was a softer drop than the 22.5% plunge observed in October.
Meanwhile, imports totaled USD 5.2 billion in November, above the USD 4.7 billion seen in October. Imports grew 5.7% from the same month of the previous year, which was a remarkable upswing from the 9.3% decline recorded in October.
The trade balance recorded a USD 0.7 billion shortfall in November, an improvement from the USD 1.3 billion deficit seen in October.