Israel: Exports improve in August
September 13, 2016
According to the Central Bureau of Statistics (CBS), exports totaled USD 3.8 billion in August, which was down from July’s USD 4.2 billion and the lowest result in a year. The reading marked a 3.6% expansion over the same month of the previous year, which was a remarkable rebound from the 11.0% decrease observed in July.
Meanwhile, imports totaled USD 5.7 billion in August, up from the USD 5.6 billion seen in July. Imports grew 7.1% over the same month of the previous year, which was above the 3.5% increase seen in July.
The trade balance recorded a USD 1.9 billion shortfall in August, which was worse than the USD 1.4 billion deficit seen in July.