The Central Bureau of Statistics (CBS) reported that in September 2014, import of goods totaled NIS 20.3 billion, export of goods totaled NIS 16.8 billion and the trade deficit in goods totaled NIS 3.5 billion.
January-September. Export of goods as percent of imports (excluding ships, aircraft and diamonds) constituted 74.8% compared to 74.3% at the same period in 2013.
Trade deficit (goods only) in the first nine months of the year totaled NIS 4.3 billion per month, NIS 51.7 billion in annual terms. (NIS 51.3 billion in 2013, and NIS 70.4 billion in 2012).
Import of goods (excluding ship, aircraft, diamonds and fuels) decreased by 5.4% at an annual rate in July-September 2014, according to trend data, continuing a decrease of 6.3% in April-June 2014.
Export of goods (excluding ships, aircraft and diamonds) decreased by 11.5% at an annual rate according to trend data, continuing a decrease of 12.7% in April- June 2014.
Import of goods, in September 2014, totaled NIS 20.3 billion. 39% of total imports were import of raw materials (excluding diamonds and fuels); 19% were consumer goods; 11% were machinery, equipment and land vehicles for investment; and 31% diamonds, fuels, ships and aircraft.
Trend data of imported raw materials (excluding diamonds and fuels) decreased by 3.8%, in July- September 2014, at an annual rate continuing a decrease of 4.8% in
April June. A breakdown by groups of import of raw materials shows that import of iron and steel products decreased by 31.7% at an annual rate (-3.1% monthly average), import of chemicals decreased by 14% at an annual rate. In contrast, import of non-ferrous metals increased by 10.7% at an annual rate.
Trend data of import of investment goods (excluding ships and aircraft) decreased by 14.3%, at an annual rate, in July-September 2014 continuing a decrease of 20% in April-June 2014. A breakdown by groups points that import of machinery and equipment (62% of investment imports) point to a decrease of 8.2% at an annual rate. Import of vehicles for investment point to a decrease of 8.4%, at an annual rate.
Trend data of import of consumer goods increased by 1.8% at an annual rate in July-September 2014, continuing an increase of 1.4% in April- June 2014. Import of non-durable goods (medicines, food and beverages, and clothing and footwear) decreased by 1.9% at an annual rate, in the last three months.
Most of the increase was recorded in import of medicine category 22.8% at an annual rate (-2.1% monthly average). Import of durable goods (furniture, electrical equipment and transport equipment) increased by 4.7%, at an annual rate, in July-September 2014.
Import of diamonds (net, rough and polished) in January-September 2014 totaled NIS 21.9 billion.
Import of fuels (crude oil, distillates and coal) in January-September 2014 totaled NIS 35.8 billion, a decrease of 12.7% compared to the same months of the previous year.
Export of goods totaled in September 2014 NIS 16.8 billion. Manufacturing, mining and quarrying exports (excluding diamonds) constituted 80% of all export of goods. Export of diamonds constituted 19%, and the remaining were agriculture, forestry and fishing exports.
Trend data of manufacturing, mining and quarrying exports point to a drop of 12%, at an annual rate, in July - September 2014, continuing a decrease of 12.5% in April-June 2014.
Trend data of manufacture exports, by technological intensity show that exports by high technology industries (42% of total manufacture exports) decreased by 19.1%, at an annual rate, in July- September 2014, continuing a decrease of 18.1% in April-June 2014. Breakdown by economic activity shows that export of pharmaceutical products decreased sharply.
Trend data of exports by medium-high technology industries (38% of total manufacture exports) decreased by 2.4%, at an annual rate, in July- September 2014, continuing a decrease of 6.8% in April- June 2014. Breakdown by economic activity shows that export of chemicals and its products point a decrease of 13.2% at an annual rate.
Trend data of exports by medium-low technology industries (13% of total manufacture exports) point to a drop of 19.9% at an annual rate, in the last three months continuing a decrease of 17.6%, in April-June 2014.
Trend data of exports by low technology industries (7% of total manufacture exports) decreased by 9.6% at an annual rate, in July-September 2014 continuing a decrease of 9.2% in April-June 2014. Breakdown by economic activity shows that export of manufacture of food products beverages and tobacco products decreased by 12.7% at an annual rate. Export of manufacture of textile, wearing apparel, leather and related products decreased by 9.4% at an annual rate.
Export of diamonds (net, polished and rough), in January- September 2014, totaled NIS 25.8 billion.
Agricultural, forestry and fishing exports in January-September 2014 totaled NIS 3.6 billion (original data) a decrease of 11.2% compared to the same period in 2013. Export of fruits (excluding citrus) decreased by 18.2% in the same period.
