Israel: Trade surplus shrinks in February
March 18, 2015
In February, exports totaled USD 4.9 billion (January: USD 5.0 billion), according to the Central Bureau of Statistics (CBS). The reading marked a 14.7% contraction over the same month last year, which was a deterioration over the 3.1% decline tallied in January.
Meanwhile, imports totaled USD 4.8 billion in February, which was slightly above the USD 4.7 billion registered in January. February’s reading marked a 18.1% decrease year-on-year, which followed the 24.3% drop tallied in January.
The trade balance recorded a USD 100 million surplus in February, which contrasted the USD 100 million deficit recorded in the same month last year. However, the figure came in below the USD 300 million surplus observed in the previous month.
Author: Cecilia Simkievich, Economist