Trade Balance in Israel

Israel Trade Balance | Economic News & Forecasts

Israel - Trade Balance

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 - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-3.4  -8.3  -11.4  -18.3  -16.9  

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Israel Trade Balance Chart

Israel Trade Balance
Note: Trade balance in (USD bn).
Source: Central Bureau of Statistics.

Israel Facts

Value Change Date
Bond Yield0.98-1.69 %Jan 01
Exchange Rate3.46-0.37 %Dec 31

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