Israel Trade March 2017


Israel: Exports lose steam in March

April 27, 2017

Exports rose 0.1% in March compared to the same month of the previous year, according to the Central Bureau of Statistics (CBS). This marked a notable deceleration from the 5.8% rise seen in February. Exports totaled USD 4.7 billion in March, above February’s USD 4.5 billion.

Meanwhile, imports declined 0.4% in March from the same month of the previous year. (February: -4.9% year-on-year). Imports totaled USD 5.7 billion in March, above the USD 5.1 billion in February. The trade deficit widened from USD 0.6 billion in March 2016 to USD 1.0 billion in March 2017.

FocusEconomics Consensus Forecast panelists expect exports to grow 6.4% in 2017 and imports to rise 8.7%. They foresee a trade deficit of USD 9.5 billion for 2017. For 2018, the panel expects exports to expand 7.0%, imports to grow 6.6% and the trade deficit to widen to USD 9.9 billion.

Author: Marlène Rump, Senior Data Analyst

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Israel Trade Chart

Israel Trade March 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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