Imports in Israel

Israel Imports (%) | Economic News & Forecasts

Israel - Imports (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 - Imports (%) Data

2013  2014  2015  2016  2017  
Imports (annual variation in %)-0.2  0.7  -15.2  5.9  6.3  

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Israel Facts

Bond Yield2.00-1.69 %May 13
Exchange Rate3.57-0.37 %May 13
Stock Market1,420-0.91 %May 13

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