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.