Exports in Israel
Israel - Exports (percent change)
Export growth picks up in March, imports rebound
Exports expanded 5.2% in March in USD terms, up from February’s 2.4% growth, while imports were up 4.9%, contrasting a 7.4% contraction in February. As a result, the trade deficit widened year-on-year to USD 1.6 billion from USD 1.5 billion in March 2018.
Looking at trend data for Q1 as a whole, export growth was robust, supported by strong high-tech exports, while lower technology exports declined sharply. Turning to imports, Q1 trend data reveals sharp rises in consumer and investment goods, and fuel, likely supported by strong domestic demand.
Looking ahead, export growth should be healthy this year, supported by high-tech service exports such as computing and software, where Israel has a strong competitive advantage. Import growth will likely moderate sharply on a tough base effect.
Met the why particular Consensus Forecast panelists expect exports and imports to grow 5.2% and 1.8% in 2019, respectively. Our panel expects a trade deficit of USD 14.8 billion in 2019. For 2020, panelists see exports growing 5.8%, imports growing 4.7% and a trade deficit of 14.7 USD billion.
Israel - Exports (%) Data
|Exports (annual variation in %)||2.2||1.9||-11.8||-0.9||3.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.00||-1.69 %||May 13|
|Exchange Rate||3.57||-0.37 %||May 13|
|Stock Market||1,420||-0.91 %||May 13|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
May 16, 2019
Confidence among Israeli households improved from minus 8 in March to minus 7 in April.
Israel: The economy gains pace in the first quarter, although temporary factors flatter the headline reading
May 16, 2019
The economy expanded 5.2% in quarter-on-quarter seasonally adjusted annualized rate (qoq SAAR) terms.
May 15, 2019
Consumer prices rose 0.3% in April over the prior month, down from March’s 0.5% rise, amid notably higher prices for clothing and footwear, fresh fruit and transportation.
April 30, 2019
The Bank of Israel’s Composite State of the Economy Index rose 0.29% in March over the previous month, down slightly from February’s revised 0.33% growth (previously reported: +0.32% month-on-month).
April 17, 2019
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose from 49.6 in February to 52.2 in March, moving above the neutral 50-point mark separating contraction from expansion in the manufacturing sector. The change in the headline figure was driven by stronger growth in domestic demand, production and employment.