According to The Central Bureau of Statistics, trade deficit in Israel of US$1.89 billion. Import of goods totaled US$6.8 billion, export of goods totaled US$5.3 billion
The Central Bureau of Statistics (CBS) reported last week that the trade deficit for May rose to an all-time high of US$1.89 billion from US$790 million in May 2010.
In May 2011, the trade deficit, excluding planes, ships, and diamonds rose to an all-time high of US$1.5 billion in May. Imports of goods totaled US$6.8 billion and exports of goods totaled US$5.3 billion.
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 7.3% and import of goods point to a rise of 45.2%, at an annual rate, during March-May 2011. Import of goods, in current prices in U.S. dollars, totaled US$6.8B.
A breakdown of the data of import by use indicates that in May 2011, 36% of total imports were import of raw materials (excluding diamonds and fuels); 18% was machinery, equipment and land vehicles for investment; 13% was consumer goods; and the rest diamonds, fuels, ships and aircraft.
Import of raw materials (excluding diamonds and fuels) in May 2011 totaled $2.4B. Trend data reveals that in March-May 2011, import of raw materials point to a rise of 34.3% at an annual rate. A breakdown by groups of import of raw materials in the last three months, points to a rise of 63.8% in the import of rubber and plastic.
Import of investment goods (excluding ships and aircraft) in May 2011 totaled $1.2B. In March-May 2011, import of investment goods rose by an annual rate of 81.1%. A breakdown by groups points that import of machinery and equipment point to a rise of 112.1% in the last three months. Import of consumer goods in May 2011 totaled US$0.9B.
Trend data indicates that in the last three months, import of consumer goods rise by an annual rate of 23.9%. Import of non-durable goods rose, by an annual rate of 32.8% during the last three months. Most of the rise was recorded in import of Household utensils. Import of durable goods, point to a rise of 13.9% by an annual rate.
Import of diamonds (rough and polished) in March-May 2011 totaled US$4.3B. During the same months in 2010 the import of diamonds totaled US$3.0B.
Import of fuels (crude oil, distillates and coal) in March-May 2011 totaled US$5.5B a rise of 26.4% comparing to the same months of the previous year.
In May 2011, manufacturing exports (excluding diamonds) constituted 69% of all export of goods. Export of diamonds constituted 29%, and the remaining 2% was agricultural exports.
Distribution of manufacturing exports by technological intensity (excluding diamonds), indicates that exports of high technology industries (47% of total manufacture exports) totaled US$1.8B in May 2011. Trend data of exports by high technology industries points to a rise of 16.6%, at an annual rate.
Exports of medium-high technology industries (30% of total manufacture exports) totaled US$1.0B in May 2011. Trend data of exports by medium-high technology industries point to a rise of 5.2%, at an annual rate, in March-May 2011. Breakdown by economic activity points to a rise of 70.7% in exports of pharmaceutical products.
Exports by low technology industries (5% of all manufacture exports) totaled $0.2B in May 2011. Trend data of exports by low technology industries point to a rise of 6.2% at an annual rate, in March-May 2011. Breakdown by economic activity points to a rise of 3.4% in exports of food products, beverages and tobacco products.
Export of diamonds (polished and rough) in January-May 2011totaled US$5.4B (US3.9B in January-May 2010).
Agricultural exports in January-May 2011 totaled US$763M (temporary data), lower by 3.4% compared with the same period in 2010. Exports of citrus dropped by 9.1%, at the same period.
