Israel Trade December 2016

Israel

Israel: Exports grow in December

January 12, 2017

According to the Central Bureau of Statistics (CBS), exports totaled USD 4.7 billion in December, which was virtually identical to November’s USD 4.8 billion figure. Exports rose 6.2% compared to the same month of the previous year, above the 1.9% increase in November (previously reported: -3.6%).

Meanwhile, imports totaled USD 6.2 billion in December, above the USD 5.2 billion seen in November. Imports grew 12.7% from the same month of the previous year, a large uptick from the 5.8% increase observed in November, while the trade deficit widened from USD 0.5 billion in November to USD 1.4 billion in December.

FocusEconomics Consensus Forecast panelists expect exports to grow 4.1% in 2017 and foresee a trade deficit of 7.4 billion. For 2018, the panel expects exports to expand 6.4%.


Author:, Economist

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Israel Trade December 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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