Israel Trade February 2017


Israel: Exports pick up in February

March 13, 2017

According to the Central Bureau of Statistics (CBS), exports rose 4.4% compared to the same month of the previous year, accelerating from the 1.6% rise seen in January. Exports totaled USD 4.4 billion in February, below January’s USD 4.7 billion

Meanwhile, imports contracted 4.9% from the same month of the previous year. (January: +14.7% year-on-year). Imports totaled USD 5.1 billion in February, below the USD 5.4 billion in January. The trade deficit narrowed from USD 1.0 billion in February 2016 to USD 0.7 billion in February 2017.

FocusEconomics Consensus Forecast panelists expect exports to grow 3.2% in 2017 and foresee a trade deficit of USD 9.5 billion. For 2018, the panel expects exports to expand 5.8% and the trade deficit to widen to USD 10.4 billion.

Author: Marlène Rump, Senior Data Analyst

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Israel Trade Chart

Israel Trade February 2017 0

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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