Israel Trade July 2016

Israel

Israel: Exports plunge in July

August 11, 2016

According to the Central Bureau of Statistics (CBS), exports totaled USD 4.0 billion in July, which was down from June’s USD 4.4 billion. The reading marked a 15.4% contraction over the same month of the previous year, which was a sharp deceleration from the 10.1% increase marked in June and the worst result in 10 months.

Meanwhile, imports totaled USD 5.6 billion in July, which was up from the USD 5.4 billion seen in June. Imports grew 3.2% over the same month of the previous year, which was above the flat reading seen in June.

The trade balance recorded a USD 1.6 billion shortfall in July, which was worse than the USD 0.9 billion deficit seen in June.

FocusEconomics Consensus Forecast panelists expect exports to contract 2.8% in 2016. For 2017, the panel expects exports to expand 4.1%.


Author: Marlène Rump, Senior Data Analyst

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Israel Trade July 2016 3

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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