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.
Author: Oliver Reynolds, Economist