Foreign trade for January 2011 show import of goods (gross) totaled $5.6 billion, exports of goods (gross) totaled $5.0 billion
In Janaury 2011, import of goods (gross) totaled $5.6 billion, exports of goods (gross) totaled $5.0 billion and the trade deficit totaled $0.6 billion.
Development of trade in goods in January 2011, compared with December 2010, was influenced by changes in the value of the U.S.A. Dollar against other currencies in which import and export transactions are conducted. Compared to the Euro the U.S.A. Dollar point to a drop of 1.0%, compared to the UK Pound the U.S.A. Dollar point to a drop of 0.8%, compared to the Japanese Yen the U.S.A. Dollar dropped 0.7% and compared to the Swiss Franc dropped by 1.2%.
It should be noted that in January 2011 the U.S.A. Dollar point to a drop of 0.5% against the Israeli Shekel.
Trade Balance
The trade balance (excluding diamonds) shows a deficit of $1.6 billion in January 2011 ($0.8 billion in the same month of 2010). The trade balance (excluding diamonds) by main country groups shows a surplus of $0.3 billion with USA, a deficit of $0.5 billion with Asian countries, a deficit of $0.7 billion with EU countries and a deficit of $0.7 billion with Other Countries group.
Imports 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 34.7%, at an annual rate, during November 2010 -January 2011.
Trend data by main country groups indicates that imports from EU countries point to a rise of 27.8%, at an annual rate, during November 2010 -January 2011. Imports from USA point to a rise of 21.2%, imports from Asian Countries point to a rise of 42.9% and imports from Other Countries point to a rise of 30.3% during the last three months, at an annual rate.
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 16.8%, at an annual rate, during November 2010 -January 2011.
Trend data by main country groups indicates that exports to EU countries point to a drop of 12%, at an annual rate, during November 2010-January 2011. Exports to USA point to a rise of 17.5%, at an annual rate, during November 2010 -January 2011; exports to Other Countries group point to a rise of 31.9% during the last three months and exports to Asian Countries point to a rise of 8.4% during October 2010 -January 2011.
