Trade Balance in Israel

Israel Trade Balance | Economic News & Forecasts

Israel - Trade Balance

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 - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-7.9  -7.2  -3.3  -7.4  -9.5  

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Israel Trade Balance Chart

Israel Trade Balance
Note: Trade balance in (USD bn).
Source: Central Bureau of Statistics.

Israel Facts

Bond Yield1.74-1.69 %Jun 13
Exchange Rate3.60-0.37 %Jun 14
Stock Market1,444-0.91 %Jun 14

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