Israel's trade deficit for 2013 totaled NIS51.7 Billion

Israel's trade deficit for 2013 totaled NIS51.7 Billion

Export of goods totaled NIS204.6 billion for the yer, import of goods totaled NIS 256.3 billion
19.01.14 / 10:22
Israel's trade deficit for 2013 totaled NIS51.7 Billion
19.01.14
Israel's trade deficit for 2013 totaled NIS51.7 Billion

In 2013, export of goods totaled NIS204.6 billion, import of goods totaled NIS 256.3 billion and the trade deficit totaled NIS51.7billion (NIS 70.4 billion in 2012 and NIS52.2 billion in 2011).

 

Exports (excluding ships, aircraft and diamonds) as per cent of Imports represented 76.0% (70.9% in 2012).

 

In 2013, Imports of goods totaled NIS256.3 billion compared to NIS278.4 billion in 2012. Imports (excluding ships, aircraft, diamonds and fuels) decreased 7.3%.

Breakdown by import destinations shows that 38% of imports were inputs for industry, 16% imports of consumer goods, 12% were import of investment goods, 20% imports of fuels and 14% import of ships, aircraft and diamonds.

 

Import of fuels totaled NIS52.6 billion, a decrease of 15.1% compared to 2012.

Export of goods (excluding ships, aircraft and diamonds) totaled NIS170.7 billion.

Industrial, mining and quarrying exports totaled NIS166.3 billion, a decrease of 2.7% compared to 2012. Agricultural, forestry and fishing exports rose by 3.1% and totaled NIS5.4 billion.

 

Breakdown of industrial exports by technological intensity shows that high technology industries represented 44% of total industrial exports (excluding diamonds), medium high technology industries 37%, medium low technology industries 13% and low technology industries 6%.

 

In 2013, Imports of goods totaled NIS256.3 billion compared to NIS278.4 billion in 2012. Imports (excluding ships, aircraft, diamonds and fuels) decreased 7.3%.

Breakdown by import destinations shows that 38% of imports were inputs for industry, 16% imports of consumer goods, 12% were import of investment goods, 20% imports of fuels and 14% import of ships, aircraft and diamonds.

 

Import of fuels totaled NIS52.6 billion, a decrease of 15.1% compared to 2012.

Export of goods (excluding ships, aircraft and diamonds) totaled NIS170.7 billion.

Industrial, mining and quarrying exports totaled NIS166.3 billion, a decrease of 2.7% compared to 2012. Agricultural, forestry and fishing exports rose by 3.1% and totaled NIS5.4 billion.

 

Breakdown of industrial exports by technological intensity shows that high technology industries represented 44% of total industrial exports (excluding diamonds), medium high technology industries 37%, medium low technology industries 13% and low technology industries 6%.

 

In December 2013, exports of goods totaled NIS16.0 billion, imports of goods NIS21.8 billion and the trade deficit totaled NIS5.7 billion.

 

Trend data point to a decrease of 1.6% at an annual rate in export of goods in October-December, continuing a decrease of 6.6% in July-September 2013. Imports of goods point to a drop of 0.8% at an annual rate in October-December 2013 after an increase of 5.9% in July-September 2013.

 

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