Exports in Israel
Israel - Exports
Exports and imports plummet in March, trade deficit widens
Merchandise exports fell 34.6% in USD terms in March, coming after February’s 4.7% decline, while imports were down 14.1% (February: -3.2% year-on-year). The falls were driven by Covid-19 related disruptions to activity, and saw the trade deficit widen from USD 1.4 billion in February to USD 2.1 billion in March.
Over the next few months, both exports and imports will likely remain hampered by supply chain disruptions and weaker economic momentum at home and abroad.
Our panelists see exports flatlining and imports expanding 1.9% in 2020, with a trade deficit of USD 18.3 billion. In 2021, panelists see exports and imports growing 2.9% and 4.2% respectively, with a trade deficit of USD 19.8 billion. 2020 figures will likely be subject to downward revisions in upcoming publications are panelists factor in recent trade data.
Israel - Exports Data
|Exports (USD billion)||57.1||55.6||57.2||58.9||59.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
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November 23, 2022
The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) rose to 53.6 in October from September's 51.3.
November 21, 2022
At its 21 November meeting, the Bank of Israel (BoI) raised the policy rate from 2.75% to 3.25%—marking the highest level since 2011 and meaning that rates have risen by 315 basis points this year. The decision to hike was once again driven by a desire to dampen broad-based price pressures, with inflation running above the Central Bank’s 1.0–3.0% target range so far this year.
November 16, 2022
Economic growth slowed in the third quarter, with GDP increasing 2.1% in seasonally-adjusted annualized terms (SAAR) (Q2: +7.3% SAAR).
November 15, 2022
Inflation came in at 5.1% in October, which was up from September’s 4.6%.
October 25, 2022
The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) rose to 51.3 in September from August's 49.5.