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Update date: 16.10.2019
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October 2013 trade deficit totaled NIS 3.6 billion

In October 2013, import of goods totaled NIS 22.6 billion, export of goods totaled NIS 19.0 billion and the trade deficit of goods totaled NIS 3.6 billion
17.11.13 / 00:00
October 2013 trade deficit totaled NIS 3.6 billion
17.11.13
October 2013 trade deficit totaled NIS 3.6 billion

January-October 2013. Export of goods as percent of imports (excluding ships, aircraft and diamonds) constituted 74.5% compared to 69.2% at the same period in 2012. January-October trade deficit in goods totaled NIS 44.0 billion (NIS 52.8 billion at annual rate, NIS 70.4 billion in 2012).

Export of goods (excluding ships, aircraft and diamonds) point to a rise of 2.7% at an annual rate, after a decrease of 9.8% in May -July 2013.

Import of Goods in October in New Israel Shekels (NIS), totaled NIS 22.6B. A breakdown of the data of import by economic uses indicates that in October 2013, 39% of total imports were import of raw materials (excluding diamonds and fuels); 16% were consumer goods; 12% were machinery, equipment and land vehicles for investment; and 33% diamonds, fuels, ships and aircraft.

Trend data of imported raw materials (excluding diamonds and fuels) point to a rise of 5.3%, in August-October 2013, at an annual rate after a drop of 1.4% in May-July 2013. A breakdown by groups of import of raw materials shows that import of steel and iron increased by 11.4% at an annual rate, import of non-ferrous metals rose by 10.4% in an annual rate and imports of inputs for machine and electronics manufacturing point to a rise of 7.2% in an annual rate.

Trend data of import of consumer goods rose by 1.0% at an annual rate in August-October 2013, continuing an increase of 4.9% in May -July 2013. Imports of non-durable goods rose by an annual rate of 4.1% in the last three months. Most of the increase was recorded in import of clothing and footwear category (6.7% at an annual rate). Import of durable goods point to a drop of 0.8%, at an annual rate, in August-October 2013.

Export of goods in New Israel Shekels (NIS) totaled in October 2013 –NIS 19.0B. In October 2013, manufacturing exports (excluding diamonds) constituted 81% of all export of goods.

Export of diamonds constituted 17%, and the remaining 2% was agricultural exports. Trend data of manufacturing, mining and quarrying exports rose by 1.5%, at an annual rate, in August-October 2013, after a decrease of 10.6% in May -July 2013. Trend data of exports by high technology industries (43% of total manufacture exports) increased 26.4%, at an annual rate, in August-October 2013, after a decrease of 8.4% in May -July 2013.

Breakdown by economic activity shows a rise in export of manufacture of pharmaceutical products and in export of manufacture of electronic components and boards. Trend data of exports by medium-high technology industries (38% of total manufacture exports) point to a drop of 15.3%, at an annual rate, in August-October 2013, continuing a decrease of 11.6% in May -July.

Breakdown by economic activity shows that export of chemicals and its products dropped by 21.3% at an annual rate (-2.0% monthly average). Trend data of exports by medium-low technology industries (13% of total manufacture exports) point to a drop of 21.9%, (-2.0% monthly average), at an annual rate, in the last three months continuing a decrease of 22.7%, (2.1% monthly average), in May -July 2013.

Breakdown by economic activity shows a drop in export of manufacture of basic metals. Trend data of exports by low technology industries (6% of total manufacture exports) increase by 2.3% at an annual rate, in August-October 2013 after a decrease of 7.3% in May -July 2013.

Breakdown by economic activity shows that export of manufacture of textiles, wearing apparel, leather and related products rose by 4.3% at an annual rate.

Export of diamonds (net, polished and rough), in January-October 2013, totaled NIS 28.9B (NIS 28.1B in January-October 2012). Agricultural, forestry and fishing exports in January-October 2013 totaled NIS 4.4B (original data), point to an increase of 5.8% compared to the same period in 2012.

Export of growing of non-perennial crops rose by 14.9% and exports of fishing and raising of animals production increased by 8.0%, during the same period.

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