Israel Trade


Israel: Trade records surplus on plummeting imports

February 12, 2015

In January, exports totaled USD 4.9 billion (December: USD 4.5 billion), according to the Central Bureau of Statistics (CBS). The reading marked a 3.7% contraction over the same month of the previous year, which was an improvement over the 4.9% decline tallied in December.

Meanwhile, imports totaled USD 4.7 billion in January, which was well below the USD 6.3 billion registered in December. January’s reading marked a 24.4% decrease year-on-year, which contrasted the 1.7% rise tallied in December.

The trade balance recorded a USD 300 million surplus in January, which marked the highest surplus on record. The figure was an improvement over both the USD 1.0 billion deficit observed in the same month of the previous year and the USD 1.8 billion shortfall tallied in the previous month.

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

Author:, Economist

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Israel Trade Chart

Israel Trade January 2015

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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