CBS: Israel's January trade deficit totaled NIS 6.4 billion

Import of goods (gross, excluding diamonds) totaled NIS19.2 billion. 34% were imports from EU countries, 22% from Asian countries, 14% from USA
24.02.13 / 00:00
CBS: Israel's January trade deficit totaled NIS 6.4 billion
24.02.13
CBS: Israel's January trade deficit totaled NIS 6.4 billion

Israel's Central Bureau of Statistics reported that in January 2013, import of goods (gross, excluding diamonds) totaled NIS19.2 billion. 34% were imports from EU countries, 22% from Asian countries, 14% from USA and 30% from Other Countries group.

Exports of goods (gross, excluding diamonds) totaled NIS12.8 billion and the trade deficit (excluding diamonds) totaled NIS6.4 billion. 29% were exports to EU countries, 30% to USA, 20% to Asian countries and 21% to Other Countries


The trade deficit (excluding diamonds) in January 2013 totaled NIS 6.4 billion. The trade deficit with EU countries totaled NIS2.8 billion, the trade deficit with Asian countries totaled NIS1.7 billion and the trade deficit with Other country group totaled NIS3.0 billion. The trade with U.S.A recorded a surplus of NIS1.2 billion.


Import of goods November 2012-January 2013: The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, in import of goods (excluding ship, aircraft, diamonds and fuels) fall 14.5%, at an annual rate, during November 2012-January 2013, continuing a drop of 10.1% in August-October 2012.

Trend data by main country groups indicates that imports from EU countries fall 10.1%, at an annual rate, during November 2012-January 2013, continuing a decrease of 11.7% during August-October 2012. In January 2013 imports from most EU countries fall compared to the same period in 2012.

Imports from USA point to a drop of 18.7% at an annual rate in November 2012-January 2013, continuing a decrease of 9.5% at an annual rate in August-October 2012. Imports from Asian Countries fall 8.5% continuing a decrease of 18.8% in August-October 2012. In January 2013 imports from Japan and South Korea fall significantly compared to the same period in 2012.

Imports from Other Countries drop 17.8% during the last three months, at an annual rate, continuing a decrease of 12.4% in August-October 2012. In January 2013 imports (excl. diamonds) from Switzerland, Australia and South Africa dropped significantly compared to the same period in 2012.

Exports of goods: The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, export of goods (excluding diamonds) drop 16.6%, at an annual rate, during November 2012-January 2012 continuing a decrease of 8.7% in August-October 2012.

Exports to EU countries rise 0.4%, at an annual rate, in November 2012-January 2013, continuing an increase of 6.3% in August –October 2012. Exports (excl. diamonds) to Germany, Portugal and Poland increased significantly in January 2013 compared to the same period in 2012.

Trend data by main country groups indicates that exports to USA point to a rise of 15.3%, at an annual rate, in November 2012-January 2013 continuing an increase of 11.5%, in August-October 2012.

Exports to Asian Countries group point to a drop of 29.7% (-2.9% monthly average), during the last three month, continuing a decrease of 31.1% in August-October 2012 (-3.1% monthly average). In January 2013 exports to South Korea and Vietnam dropped significantly compared to the same period in 2012.


Exports to Other Countries group point to a drop of 23.9% (-2.2% monthly average), in November 2012-January 2013, continuing a decrease of 6.5% in August-October 2012. In January 2013 exports to Russia, Brazil, Egypt and Nigeria dropped significantly compared to the same period in 2012.