In November 2014, import of goods totaled NIS 20.5 billion, export of goods totaled NIS 18.5 billion and the trade deficit in goods totaled NIS 2.0 billion.
January- November 2014:
Export of goods as percentage of imports (excluding ships, aircraft and diamonds) constituted 76.3% compared to 76.2% at the same period in 2003. Trade deficit (goods only) in the first eleven months of the year totaled NIS 3.9 billion per month, NIS 46.3 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 5.3% at an annual rate in September-November 2014, according to trend data, continuing a decrease of 7.4% in June-August 2014.
Export of goods (excluding ships, aircraft and diamonds) increased by 8.7% at an annual rate according to trend data, continuing an increase of 3.4% in June-August 2014.
Import of Goods:
Import of goods, in November 2014, totaled, as mentioned, NIS 20.5 billion. 40% of total imports were import of raw materials (excluding diamonds and fuels); 17% were consumer goods; 13% were machinery, equipment and land vehicles for investment; and 30% were diamonds, fuels, ships and aircraft.
Trend data of imported raw materials (excluding diamonds and fuels) decreased by 4.4%, in September-November 2014, at an annual rate continuing a decrease of 7.4% in June-August 2014.
A breakdown by groups points that import of agricultural raw materials decreased by 59.4% in September-November 2014, at an annual rate.
Import of raw food products decreased by 19.9% in September-November 2014, at an annual rate and import of iron and steel products decreased by 18.3% at an annual rate.
Trend data of import of investment goods (excluding ships and aircraft) decreased by 12.7%, at an annual rate, in September-November 2014 continuing a decrease of 22.1% in June-August 2014. Import of machinery and equipment (62% of investment imports) decreased by 7.3% at an annual rate.
Import of vehicles for investment decreased by 10.6%, at an annual rate. Trend data of import of consumer goods increased by 4.1% at an annual rate in September-November 2014, continuing an increase of 3.7% in June-August 2014.
Import of durable goods (furniture, electrical equipment and transport equipment) increased by 6.1%, at an annual rate, in September-November 2014. Most of the increase was recorded in import of furniture and electrical equipment that increased by 6.0% at an annual rate.
Import of non-durable goods (medicines, food and beverages, and clothing and footwear) increased by 2.5% at an annual rate, in the last three months. Import of diamonds (net, rough and polished) in January-November 2014 totaled NIS 27.4 billion compared to NIS 26.6 billion in the same period of 2013.
Import of fuels (crude oil, distillates and coal) in January-November 2014 totaled NIS 42.6 billion, a decrease of 13.3% compared to the same months in 2013.
Export of Goods:
Export of goods totaled – as mentioned –, NIS 18.5 billion in November 2014. Manufacturing, mining and quarrying exports (excluding diamonds) constituted 79% 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 (excl. diamonds) increased by 7.5%, at an annual rate, in September-November 2014, continuing an increase of 3.2% in June-August 2014.
Trend data of manufacture exports, by technological intensity
Trend data of exports by high technology industries (42% of total manufacturing exports excl. diamonds) increased by 9.6%, at an annual rate, in September-November 2014, after a decrease of 3.2% in June-August 2014. Breakdown by economic activity shows that export of manufacture of electronic components and boards increased by 41.6%.
Trend data of exports by medium-high technology industries (37% of total manufacturing exports) increased by 11.8%, at an annual rate, in September-November 2014, continuing an increase of 11.6% in June-August 2014. Breakdown by economic activity shows that export of manufacture of chemical and chemical products increased by 8.0% at an annual rate.
Trend data of exports by medium-low technology industries (14% of total manufacture exports) decreased by 2.5% at an annual rate, in the last three months after an increase of 22.3%, in June-August 2014. Breakdown by economic activity shows that export of manufacture of rubber and plastic products decreased by 10.8% at an annual rate.
Trend data of exports by low technology industries (7% of total manufacture exports) increased by 4.1% at an annual rate, in September-November 2014 after a decrease of 1.8% in June-August 2014.
Breakdown by economic activity shows that export of manufacture of food products, beverages and tobacco products increased by 7.6% at an annual rate. Export of diamonds (net, polished and rough), in January-November 2014, totaled NIS 32.4 billion.
Agricultural, forestry and fishing exports in January-November 2014 totaled NIS 4.4 billion (original data) - a decrease of 10.5% compared to the same period in 2013. Export of growing of flowers decreased by 13.5% at the same period.
