Israel: Exports plummet in September
October 18, 2015
According to the Central Bureau of Statistics (CBS), in September exports totaled USD 3.6 billion, thus matching the previous month’s figure. The reading marked a 28.0% contraction over the same month last year, which was a deterioration over the 8.1% decrease seen in the previous month.
Meanwhile, imports totaled USD 4.1 billion in September, which was down from the USD 5.4 billion seen in August. September’s reading was a 27.8% decrease year-on-year, which was a deterioration over the 10.9% decline observed in August.
The trade account was balanced in September, which was up from the USD 1.8 billion deficit seen in August and marked the highest reading since May 2009.
Author: Dirina Mançellari, Senior Economist