Export growth slowed down considerably in Aug-Oct 2006

The CBS also noted that in January-October Israel had a trade deficit of $3.5 billion with the EU and a positive trade balance of $3.4 billion with the US
 
The Central Bureau of Statistics (CBS) reported last week that export growth slowed down considerably in August-October 2006, in the aftermath of the second Lebanon war.
 
In an analysis published by the CBS exports to the EU rose by 16.8% in August-October after rising 22% in May-July. Exports to the US rose by an annualized 13.6% in August-October, after rising by an annualized 39% in May-July.
 
Exports to Asia rose 6.2%, after rising 21.5%, and exports to the rest of the world rose by 2% in August-October. Exports, excluding diamonds, totaled $25.1 billion in January-October: 33% of exports were to the EU, 31% to the US, 15% to Asia, and 21% to the rest of the world.
 
The CBS noted however that import growth was also slower in the the three months period August-October than in May-July. Imports from the EU rose by 2% in August-October. Imports from the US rose by an annualized 20% in August-October, after rising by an annualized 28% in May-July.
 
imports from Asia rose by 12.7%, and imports from the rest of the world rose by 8.7%.
Imports, excluding diamonds, totaled $32.4 billion in January-October: 37% of exports were from the EU, 13% from the US, 19% from Asia, and 31% from the rest of the world.
 
The CBS also noted that in January-October Israel had a trade deficit of $3.5 billion with the EU and a positive trade balance of $3.4 billion with the US.
In the same period the CBS recorded a trade deficit of $2.3 with Asia, and $4.8 billion with the rest of the world.