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Israel’s trade deficit in January totaled NIS 2.4 billion

Import of goods (gross, excluding diamonds) totaled NIS17.1 and export of goods (gross, excluding diamonds) totaled NIS14.4 billion
21.02.16 / 11:03
Israel’s trade deficit in January totaled NIS 2.4 billion
21.02.16
Israel’s trade deficit in January totaled NIS 2.4 billion

In January 2016, import of goods (gross, excluding diamonds) totaled NIS17.1 billion. 42% were imports from EU countries, 27% from Asian countries, 15% from USA and 16% from Other Countries.

 

Export of goods (gross, excluding diamonds) totaled NIS14.4 billion and the trade deficit in goods (excluding diamonds) totaled NIS 2.7 billion. 33% were exports to EU countries, 26% to USA, 21% to Asian countries and 20% to Other countries.

 

Trade balance January 2016

The trade deficit in goods (excl. diamonds) with EU countries totaled NIS 2.4 billion that represents an increase of 41.2% compared to January 2015.

 

The trade deficit in goods (excl. diamonds) with Asian countries totaled NIS 1.6 billion that represents an increase of 103.0% compared to January 2015.

 

The trade surplus in goods (excl. diamonds) with USA totaled NIS 1.2 billion compared to NIS 568 million in January 2015.

 

The trade surplus in goods (excl. diamonds) with Other countries totaled NIS 0.2 billion against a deficit of NIS 0.7 billion in January 2015.

 

Import of goods October- December 2015

The trend data calculated by the Central Bureau of Statistics, shows that import of goods (excluding ship, aircraft, diamonds and fuels) increased by 3.6% at an annual rate in November 2015-January 2016, continuing an increase of 4.6% in August-October 2015.

 

Trend data by main country groups indicates that imports from EU countries rose 10.6%, at an annual rate, in November 2015-January 2016, continuing a rise of 16.6% in August-October 2015. In January 2016 imports (excluding diamonds) from Czech Republic, United Kingdom and Slovenia increased significantly compared to January 2015.

 

Imports from USA decrease by 0.4% at an annual rate in November 2015-January 2016, after an increase of 2.3% August-October 2015.

 

Imports from Asian Countries point to a rise of 8.7% in the last three months, continuing an increase of 1.9% in August-October 2015. In January 2016 imports (excluding diamonds) from Japan and Singapore, increased significantly compared to January 2015.

 

Imports from Other Country Group point to a drop of 0.5% in the last three months, at an annual rate, continuing a decrease of 20.2% in August-October 2015. In January 2016 imports (excluding diamonds) from Ethiopia, Australia and Argentina decreased significantly compared to January 2015.

 

Export of goods

The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, Export of goods (excluding ships, aircraft and diamonds) increased by 5.0% at an annual rate, according to trend data, continuing an increase of 0.2% in August-October 2015.

 

Exports to EU countries rose 6.8%, at an annual rate, in November 2015-January 2016, after a decrease of 14.9% in August-October 2015. In January 2016 exports (excluding diamonds) to Belgium, UK and Romania, increased significantly compared to January 2015. Trend data by main country groups indicates that exports to USA rose 49.7%, at an annual rate, (3.4% monthly average), in November 2015-January 2016 continuing an increase of 30.5% in August-October 2015 (2.2% monthly average).

 

Exports to Asian Countries point a drop of 28.8%, in the last three months (2.8% monthly average), continuing a decrease of 4.6%, in August-October 2015. In January 2016 exports (excluding diamonds) to India, Singapore and Jordan, decreased significantly compared to January 2015. Exports to Other Country Group point to a rise of 4.5% in November 2015-January 2016 after remaining stable in August-October 2015. In January 2016 exports (excluding diamonds) to Switzerland, Peru and Egypt, increased significantly compared to January 2015.

 

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