Imports in Israel
Israel - Imports
Exports contract sharply in April, while imports stagnate
Merchandise exports contracted 18.0% year-on-year in April in USD terms, contrasting March’s 12.7% growth. Imports were down 0.1%, contrasting March’s 4.9% growth, while the trade deficit widened from USD 1.2 billion in March to USD 2.5 billion in April.
Looking at trend data for February-April, export growth slowed notably from the previous rolling quarter, likely weighed on by the stronger shekel. While exports of higher-tech exports were up year-on-year, lower-tech exports declined in annual terms. Turning to imports, Q1 trend data reveals sharp rises in consumer and investment goods, and fuel, likely supported by strong domestic demand and a surge in vehicle imports ahead of environmental tax changes.
Looking ahead, a global economic slowdown and trade tensions will likely weigh on exports, while import growth should moderate sharply on a tough base effect.
Met the why particular Consensus Forecast panelists expect exports and imports to grow 3.2% and 2.6% respectively in 2019. Our panel expects a trade deficit of USD 16.5 billion in 2019. For 2020, panelists see exports growing 5.7%, imports growing 5.7% and a trade deficit of USD 17.5 billion.
Israel - Imports Data
|Imports (USD billion)||70.2||70.7||60.0||63.5||67.5|
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|
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May 20, 2019
At its 20 May meeting, the Monetary Committee of the Bank of Israel (BoI) kept the interest rate unchanged at 0.25%, as had been widely expected by market analysts.
May 19, 2019
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 52.2 in March to 51.9 in April, but remained above the neutral 50-point mark separating contraction from expansion in the manufacturing sector. The change in the headline figure was driven by slower growth in production and employment, and a sharper contraction in export demand.
May 19, 2019
Merchandise exports contracted 18.0% year-on-year in April in USD terms, contrasting March’s 12.7% growth.
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.