Israel Trade January 2017


Israel: Exports lose steam in January

February 13, 2017

According to the Central Bureau of Statistics (CBS), exports totaled USD 4.7 billion in January, mirroring December’s figure. Exports rose 1.7% compared to the same month of the previous year, well below the 6.2% increase in December and marking a three-month low.

Meanwhile, imports totaled USD 5.4 billion in January, below the USD 6.2 billion in December. Imports grew 14.5% from the same month of the previous year. (December: +12.7% year-on-year). Meanwhile, the trade deficit widened from USD 0.1 billion in January 2016 to USD 0.7 billion in January 2017.

FocusEconomics Consensus Forecast panelists expect exports to grow 3.9% in 2017 and foresee a trade deficit of USD 9.6 billion. For 2018, the panel expects exports to expand 5.7% and the trade deficit to widen to USD 10.3 billion.

Author: Marlène Rump, Senior Data Analyst

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Israel Trade Chart

Israel Trade January 2017

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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