In November 2008, import of goods totaled $4.7 billion, export of goods totaled $3.8 billion and the trade deficit totaled $0.9 billion
The Central Bureau of Statistics (CBS) reported last week that Israel's trade deficit averaged $1.2 billion a month in January-November 2008, amounting to an annualized $14 billion. The CBS also noted that trade deficit is 37% higher than the $10.7 billion trade deficit in 2007. Import of goods totaled $4.7 billion in November, export of goods totaled $3.8 billion, and the trade deficit totaled $900 million.
In November 2008, import of goods totaled $4.7 billion, export of goods totaled $3.8 billion and the trade deficit totaled $0.9 billion.
The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, point to a drop of export of goods (excluding diamonds) of 9.5% and imports of goods point to a rise of 2.4%, at an annual rate, during September-November 2008.
Exports by medium-high technology industries (32% of total manufacture exports) in November 2008 totaled $1.0B. Trend data of exports by medium-high technology industries point to a rise of 4.9%, at an annual rate, in September-November 2008.
Exports by medium-low technology industries (17% of all manufacture exports) in November 2008 totaled $0.5 B. Trend data of exports by medium-low technology industries point to a drop of 37.5%, at an annual rate, in the last three months.
Exports by low technology industries (6% of all manufacture exports) in November 2008 totaled $0.2 B. Trend data of exports by low technology industries point to a rise of 14.9%, at an annual rate, in September-November 2008.
Export of diamonds (polished and rough) in January-November 2008 totaled 9.4 lower by 4.8% than January-November 2007.
Agricultural exports in January-November 2008 totaled $1.1M (temporary data) – lower by 5.3% than January-November 2007.
Import of goods, in current prices in U.S. dollars, totaled – as mentioned - $4.7B.
Import of raw materials (excluding diamonds and fuels) in November 2008 totaled $2.0B. A breakdown of trend data reveals that in September-November 2008, import of raw materials remain stable. A breakdown by groups of import of raw materials in the last three months, points to a rise of 14.5% in the import of chemicals.
Import of investment goods (excluding ships and aircraft) in November 2008 totaled $0.8B. A breakdown of trend data indicates that in September-November 2008, import of investment goods rose by an annual rate of 3.7%. A breakdown by groups points that import of machinery and equipment point to a rise of 10.9% in the last three months.
Import of consumer goods in November 2008 totaled $0.7B. A breakdown of trend data indicates that in the last three months, import of consumer goods rose by an annual rate of 4.5%. Import of non-durable goods rose by an annual rate of 22.4%. Most of the drop was recorded in import of food and beverages (37.6%). Import of durable goods dropped, by an annual rate of 16.2% during the last three months.
Import of diamonds (rough and polished) in January-November 2008 totaled $8.3B, a drop of 1.4% compared to the same months in 2007.
Import of fuels (crude oil, distillates and coal) in January-November 2008 totaled $12.3B. During the same months in 2007 the import of fuels totaled $7.9 B.
