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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -3.4 | -8.3 | -11.4 | -18.3 | -16.9 |
Israel Trade Balance Chart
Source: Central Bureau of Statistics.
Israel Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.98 | -1.69 % | Jan 01 |
| Exchange Rate | 3.46 | -0.37 % | Dec 31 |
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Economic News
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Israel: Manufacturing PMI records worst reading since July in December
January 18, 2022
The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) fell to 47.8 in December from November's 50.3.
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Israel: Inflation comes in at highest level since September 2011 in December
January 14, 2022
Consumer prices increased 0.29% over the previous month in December, contrasting the 0.10% fall recorded in November.
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Israel: Bank of Israel leaves rates unchanged in January
January 3, 2022
At its 3 January meeting, the Bank of Israel (BoI) left the policy rate at 0.10%.
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Israel: Composite State of the Economy Index growth picks up slightly in November
December 26, 2021
The Bank of Israel’s Composite State of the Economy Index grew 0.16% in month-on-month seasonally-adjusted terms in November, which was above October's 0.13% increase.
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Israel: Inflation rises in November
December 15, 2021
Consumer prices fell 0.10% in November over the previous month, swinging from the 0.10% rise recorded in October.
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