CBS : in Q3 exports to US up annualized 8.7%

The Central Bureau of Statistics (CBS) reported last week Israel's trade figures for the third quarter.
 
In general the CBS reported that Israel’s balance of trade for the nine months period -January-September, excluding diamonds, showed a $1.4 trade surplus with the US, a deficits of $3.1 billion with the EU, $1.9 billion with Asia, and $3.7 billion with the rest of the world.
 
In January-September 2005 Imports of goods, excluding diamonds, totaled $26.9 billion. 37% of imports came from the EU, 18% from Asia and 15% from the US. The balance was imported from the rest of the world.
 
In January-September 2005, exports, excluding diamonds, totaled $17.5 billion. 35% of exports shipped to the EU, 28% to the US, 15% to Asia, and the balance to the rest of the world.
 
The report noted, however, that Israel's exports to the US rose in the third quarter of 2005 by an annualized 8.7%, after rising by 12.2% in the second quarter.
 
Exports to the EU fell by an annualized 1.5% in the third quarter, after rising by 2.8% in the second quarter. According to the CBS the fall in export was mainly because of the weakness of the Euro against the dollar.
 
Exports to Asia rose by an annualized 26% in the third quarter, after rising 9% in the second quarter. Exports to the rest of the world rose by 3.7% in September, after falling by 3.2% in the period June-August.
 
The CBS reported also an increase in imports of goods from most countries.
 
Imports from the US rose by an annualized 10.5%, after falling by 11.4% in the second quarter. Imports from the EU rose by an annualized 13.6% in the third quarter, after rising 5.7% in the second quarter. Imports from Asia rose by 9.2%, after rising by 17.2% in the second quarter.