Israel Trade November 2016

Israel

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.

FocusEconomics Consensus Forecast panelists expect exports to grow 3.8% in 2017 and foresee a trade deficit of 6.8 billion. For 2018, the panel expects exports to expand 5.1%.


Author: Marlène Rump, Economist

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Israel Trade November 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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