Israel Trade May 2017

Israel

Israel: Exports rebound in May

June 19, 2017

Exports rose 13.0% in May compared to the same month of the previous year, according to the Central Bureau of Statistics (CBS). May’s figure contrasted the 5.1% drop seen in April and was the highest in eight months. Exports totaled USD 4.9 billion in May, above April’s USD 3.7 billion.

Meanwhile, imports plunged 9.5% in May from the same month of the previous year. (April: +10.8% year-on-year). Imports totaled USD 5.6 billion in May, above the USD 5.1 billion in April. The trade deficit narrowed from USD 1.9 billion in May 2016 to USD 0.8 billion in May 2017.

FocusEconomics Consensus Forecast panelists expect exports to grow 4.5% in 2017 and imports to rise 7.2%. They foresee a trade deficit of USD 9.6 billion for 2017. For 2018, the panel expects exports to expand 7.3%, imports to grow 6.8% and the trade deficit to widen to 10.0 USD billion.


Author: Marlène Rump, Senior Data Analyst

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Israel Trade May 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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