Israel: Exports swing to contraction in January
February 3, 2016
According to the Central Bureau of Statistics (CBS), in January exports totaled USD 4.5 billion, which matched December’s figure. The reading marked a 3.1% decrease over the same month of the previous year (December: +2.8% year-on-year).
Meanwhile, imports totaled USD 4.7 billion in January, which was down from the USD 5.4 billion seen in December. January’s reading was a 1.2% decrease year-on-year, which contracted the 13.8% drop observed in the previous month.
The trade balance recorded a USD 0.2 billion shortfall in January, which was an improvement from the USD 1.0 billion deficit seen in December.
Author: Dirina Mançellari, Senior Economist