In May 2014, import of goods totaled NIS 20.8 billion, export of goods totaled NIS 17.9 billion and the trade deficit in goods totaled NIS 2.9 billion.
January- May 2014 - Export of goods as percent of imports (excluding ships, aircraft and diamonds) constituted 75.8% compared to 77.2% at the same period in 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) decreased by 3.1% at an annual rate in March- May 2014, continuing a decrease of 0.1% in December 2013- February 2014.
Export of goods (excluding ships, aircraft and diamonds) point to a drop of 10.5% at an annual rate, continuing a decrease of 0.4% in December 2013- February 2014. Import of goods, in May 2014, totaled NIS 20.8B.
A breakdown of the data of imports by economic use indicates that in May 2014, 39% of total imports were import of raw materials (excluding diamonds and fuels); 16% were consumer goods; 12% were machinery, equipment and land vehicles for investment; and 33% diamonds, fuels, ships and aircraft.
Trend data of imported raw materials (excluding diamonds and fuels) remain stable, in March- May 2014, at an annual rate after an increase of 2.4% in December 2013- February 2014.
A breakdown by groups of import of raw materials shows that import of Chemicals increased by 9.9% at an annual rate. Trend data of import of investment goods (excluding ships and aircraft) point to a drop of 15.7%, by an annual rate, in March- May 2014 continuing a decrease of 9.2% in December 2013-February 2014.
A breakdown by groups points that import of machinery and equipment (65% of investment imports) point to a drop of 24.5%, at an annual rate, in the last three months (-2.3% month average).
Import of vehicles for investment point an increase of 0.8% at an annual rate.Trend data of import of consumer goods rose by 4.8% at an annual rate in March- May 2014, continuing an increase of 5.6% in December 2013- February 2014.
Import of Durable goods point to a rise of 8.5%, at an annual rate, in March-May 2014. Import of non-durable goods decreased by 0.9% an annual rate of in the last three months. Most of the decrease was recorded in import of clothing and footwear category (-12.6% at an annual rate). Import of diamonds (net, rough and polished) in January - May 2014 totaled NIS 12.3B.
During the same months in 2013 the import of diamonds totaled NIS 12.5B. Import of fuels (crude oil, distillates and coal) in January- May 2014 totaled NIS 20.3B a decrease of 14.9% compared to the same months of the previous year.Export of goods in New Israel Shekels (NIS) totaled in May 2014 – as mentioned – NIS 17.9B. In May 2014, manufacturing, mining and quarrying exports (excluding working diamonds) constituted 72% of all export of goods.
Export of diamonds constituted 26%, and the remaining were agriculture, forestry and fishing exports. Trend data of manufacturing, mining and quarrying exports point to a drop of 9.0%, at an annual rate, in March - May 2014, after an increase of 1.0% in December 2013-February 2014.
Trend data of exports by high technology industries (44% of total manufacture exports) point to a drop of 9.6%, at an annual rate, in March- May 2014, continuing an increase of 4.1% in December 2013-February 2014. Breakdown by economic activity shows that export of electronic components and its products point a decrease of 17.1% at an annual rate.
Trend data of exports by medium-high technology industries (36% of total manufacture exports) point to a drop of 8.9%, at an annual rate, in March- May 2014, after an increase of 0.5% in December 2013- February 2014. Breakdown by economic activity shows that export of chemicals and its products point a decrease of 19.9% at an annual rate.
Trend data of exports by medium-low technology industries (13% of total manufacture exports) point to a drop of 13.9% at an annual rate, in the last three months continuing a decrease of 15.8%, in December 2013-February 2014. Breakdown by economic activity shows a drop in export of manufacture of basic metal products.
Trend data of exports by low technology industries (7% of total manufacture exports) decreased by 3.8% at an annual rate, in March- May 2014 after an increase of 8.1% in December 2013-February 2014.
Breakdown by economic activity shows that export of manufacture of fine Jewellery and imitation jewellery and related products rose by 54.9% at an annual rate (3.7% monthly average).Export of diamonds (net, polished and rough), in January- May 2014, totaled NIS 17.3B NIS (NIS 17.2B in January- May 2013).Agricultural, forestry and fishing exports in January- May 2014 totaled NIS 2.7B (original data), point to a decrease of 11.8% compared to the same period in 2013.
