In June 2014, import of goods totaled NIS 20.4 billion, export of goods totaled NIS 14.3 billion and the trade deficit in goods totaled NIS 6.1billion.
January- June 2014
Export of goods as percent of imports (excluding ships, aircraft and diamonds) constituted 76.4% compared to 78.0% 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 4.8% at an annual rate in April- June 2014, continuing a decrease of 1.6% in January- March 2014.
Export of goods (excluding ships, aircraft and diamonds) point to a drop of 14.8% at an annual rate, continuing a decrease of 9.3% in January- March 2014.
Import of Goods
Import of goods, in June 2014, totaled – as mentioned – NIS 20.4B. A breakdown of the data of imports by economic use indicates that in June 2014, 41% of total imports were import of raw materials (excluding diamonds and fuels); 18% were consumer goods; 12% were machinery, equipment and land vehicles for investment; and 29% diamonds, fuels, ships and aircraft.
Trend data of imported raw materials (excluding diamonds and fuels) point to a drop of 4.3%, in April- June 2014, at an annual rate after an increase of 1.8% in January- March 2014.
A breakdown by groups of import of raw materials shows that import of Wood and its products decreased by 19.0% at an annual rate. Trend data of import of investment goods (excluding ships and aircraft) point to a drop of 16.5%, at an annual rate, in April- June 2014 continuing a decrease of 14.4% in January-March 2014. A breakdown by groups points that import of machinery and equipment (65% of investment imports) point to a drop of 8.2%, at an annual rate, in the last three months.
Import of vehicles for investment point a decrease of 22.9% at an annual rate (-3.1% monthly average). Trend data of import of consumer goods rose by 4.2% at an annual rate in April- June 2014, continuing an increase of 5.8% in January- March 2014.
Import of non-durable goods increased by 7.4% at an annual rate, in the last three months. Most of the increase was recorded in import of food and beverages category (7.0% at an annual rate).
Import of Durable goods point to a drop of 3.5%, at an annual rate, in April-June 2014. Import of diamonds (net, rough and polished) in January - June 2014 totaled NIS 14.8B. During the same months in 2013 the import of diamonds totaled NIS 14.9B.
Import of fuels (crude oil, distillates and coal) in January- June 2014 totaled NIS 23.6B a decrease of 14.0% compared to the same months of the previous year.
Export of Goods
Export of goods in New Israel Shekels (NIS) totaled in June 2014 – as mentioned – NIS 14.3B. In June 2014, manufacturing, mining and quarrying exports (excluding working diamonds) constituted 90% of all export of goods. Export of diamonds constituted 9%, and the remaining were agriculture, forestry and fishing exports.
Trend data of manufacturing, mining and quarrying exports point to a drop of 12.6%, at an annual rate, in April - June 2014, continuing a decrease of 7.6% in January-March 2014.
Trend data of exports by high technology industries (43% of total manufacture exports) point to a drop of 12.3%, at an annual rate, in April- June 2014, continuing a decrease of 8.0% in January-March 2014.
Breakdown by economic activity shows that export of pharmaceutical products point a decrease of 18.1% at an annual rate.
Trend data of exports by medium-high technology industries (37% of total manufacture exports) point to a drop of 17.2%, at an annual rate, in April- June 2014, continuing a decrease of 4.6% in January- March 2014. Breakdown by economic activity shows that export of chemicals and its products point a decrease of 26.0% at an annual rate (-2.5 monthly average).
Trend data of exports by medium-low technology industries (13% of total manufacture exports) point to a drop of 12.2% at an annual rate, in the last three months continuing a decrease of 8.5%, in January-March 2014.
Trend data of exports by low technology industries (7% of total manufacture exports) decreased by 4.8% at an annual rate, in April- June 2014 after an increase of 5.0% in January-March 2014. Breakdown by economic activity shows that export of manufacture of food products beverages and tobacco products point a drop of 14.0% at an annual rate.
Manufacture of fine Jewellery and imitation jewellery and related products rose by 25.9% at an annual rate (1.9% monthly average). Export of diamonds (net, polished and rough), in January- June 2014, totaled NIS 18.5B NIS (NIS 18.2B in January- June 2013). Agricultural, forestry and fishing exports in January- June 2014 totaled NIS 3.1B (original data)a decrease of 10.7% compared to the same period in 2013.
