Trade Balance in Israel
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
|Trade Balance (USD billion)||-3.4||-8.3||-11.4||-18.3||-16.9|
5 years of economic forecasts for more than 30 economic indicators.
Israel Trade Balance Chart
Source: Central Bureau of Statistics.
|Bond Yield||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
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January 24, 2023
The Bank of Israel’s Composite State of the Economy Index grew 0.05% in month-on-month seasonally-adjusted terms in December, which was a deterioration from November's 0.09% increase.
January 19, 2023
The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) came in at 56.9 in December, up notably from November's 49.0.
January 15, 2023
Inflation came in at 5.3% in December, unchanged from November’s figure but well above the Central Bank’s 1.0–3.0% target range.
January 2, 2023
At its 2 January meeting, the Bank of Israel (BoI) raised the policy rate from 3.25% to 3.75%. The decision to hike was once again driven by a desire to dampen broad-based price pressures; both inflation and core inflation moved further above the Central Bank’s 1.0–3.0% target range in November.
December 20, 2022
The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) fell to 49.0 in November from October's 53.6.