Trend data in August-October 2011: Point to a rise in import of goods from EU and Asian countries. Point to a drop in export of goods to USA
In October 2011, import of goods (gross) totaled ILS 21.6 billion, exports of goods (gross) totaled ILS 16.7 billion and the trade deficit totaled ILS 4.9 billion.
Trade balance
The trade balance shows a deficit of ILS18.3 billion in January-October 2011 against a deficit of ILS1.3 billion in the same months of 2010. The trade balance by main country groups shows a surplus of ILS33.1 billion with USA, a deficit of ILS21.4 billion with EU countries, a surplus of ILS0.5 billion with Asian countries and a deficit of ILS30.5 billion with Other Countries group.
Import of goods
The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, point to a rise in import of goods (excluding diamonds) of 6.0%, at an annual rate, during August-October 2011 continuing an increase of 10.6% during May-July.
Trend data by main country groups indicates that imports from EU countries point to a rise of 8.0%, at an annual rate, during August-October 2011 continuing an increase of 14.9% during May-July. Imports (excluding diamonds) from Latvia, Cyprus and Ireland grew significantly since the beginning of 2011.
Imports from USA fell by of 0.4% during the last three months.
Imports from Asian Countries point to a rise of 8.4% at an annual rate continuing an increase of 10.3% during May-July. Imports (excluding diamonds) from Jordan, Japan and South Korea grew significantly since the beginning of 2011.
Imports from Other Countries group point to a rise of 0.7% during the last three months, at an annual rate. Imports (excluding diamonds) from Egypt and Iceland had decreased since the beginning of the year.
Exports of goods
The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, point to a rise in export of goods (excluding diamonds) of 7.8%, at an annual rate, during August-October 2011 continuing a decrease of 3.6% in May-July 2011.
Trend data by main country groups indicates that exports to EU countries point to an increase of 0.1%, at an annual rate, during August-October 2011 after an increase of 19.3% during May-July. Exports (excluding diamonds) to Bulgaria, Malta and Netherlands grew significantly since the beginning of 2011.
Exports to USA decreased by 10.5% during the last three months, by an annual rate.
Exports to Asian Countries point to a rise of 20.9% during August-October 2011. Exports (excluding diamonds) to China, Vietnam and Japan grew significantly since the beginning of 2011.
Exports to Other Countries group point to a rise of 25.9%, at an annual rate, during August-October 2011. Exports (excluding diamonds) to Honduras, Paraguay and Nigeria had increased significantly since the beginning of the year.
