Israel Trade


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.

FocusEconomics Consensus Forecast panelists expect exports to expand 4.4% in 2015 and 6.9% in 2016.

Author:, Senior Economist

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Israel Trade Chart

Israel Trade September 2015 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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