Trade deficit in July 2006 totaled $816 million, 65% higher than the trade deficit of $496 million in June 2006
The Central Bureau of Statistics (CBS) reported last week that the 33 days war in Lebanon caused Israel trade deficit in July 2006 to jump because of the heavy damage to Israel's exports.
The CBS said that trade deficit in July 2006 totaled $816 million, 65% higher than the trade deficit of $496 million in June 2006. According to the CBS exports in July experienced dramatic fall of 13% to $2.94 billion, while imports fell 3.1% to $3.76 billions.
The CBS noted, however, that the trend data calculated indicate, (seasonally adjusted and adjusted for irregular elements), a rise of export of goods (excluding diamonds) of 6.7%, at an annual rate, during May-July 2006.
In July 2006, manufacturing exports (excluding diamonds) constituted 73.4% of all export of goods. Export of diamonds constituted 24.7%, and the rest was agricultural exports.
CBS : War caused 65% rise in trade deficit in July
Trade deficit in July 2006 totaled $816 million, 65% higher than the trade deficit of $496 million in June 2006
20.08.06 / 00:00
•
More articles that may interest you
War risk surcharges costs Israel Economy over US$600,000 per day
4 weeks war costs: NIS 7- 9 billion
Israeli tourism is hard hit by the war in Lebanon
Israel Export Institute: War will not influence exports to Arab countries
Manufacturers Association of Israel: Financial damage to factories in the north estimated at NIS 3.7
Minister of Defense Peretz Calls for a War Tax
More news from Industry & Trade Section
>CBS: Annual inflation rate down to 2.3%/06.08.06
>CBS: Q2 - Industrial exports up 19.5%/06.08.06
>Central Bank: War costing about NIS 1 billion per week or 0.7-0.9% GDP loss monthly/06.08.06
>Textiles manufacturers: Chinese textiles "floods" local market/06.08.06
>Q2 – Industrial exports up 9%/30.07.06
>More rockets strike Israeli towns & port city of Haifa- Damage to industry in north NIS 2-3b/30.07.06
>Businesses in Katyusha range areas to be compensated/30.07.06
>Experts: Israel economy should weather the Lebanon conflict/24.07.06
>IDF: Military logistics costing Israel over NIS 10m a day/24.07.06
>Ministry of industry & Trade: Exports to Jordan & Egypt increased in January-May/24.07.06