The Central Bureau of Statistics (CBS) reported that in July 2014, import of goods totaled NIS 22.6 billion, export of goods totaled NIS 16.0 billion and the trade deficit in goods totaled NIS 6.6 billion
January- July 2014- Export of goods as percent of imports (excluding ships, aircraft and diamonds) constituted 75.7% compared to 75.4% at the same period in 2013.
Trade deficit (goods only) in the first seven months of the year totaled NIS 4.1 billion per month, NIS 48.7 billion in annual terms.
The trend data calculated by the CBS, seasonally adjusted and adjusted for irregular elements, in import of goods (excluding ship, aircraft, diamonds and fuels) decreased by 2.6% at an annual rate in May-July 2014, continuing a decrease of 1.4% in February-April 2014.
Export of goods (excluding ships, aircraft and diamonds) point to a drop of 12.0% at an annual rate, continuing a decrease of 10.6% in February- April 2014.
Development of trade in goods in July 2014 was influenced by changes in the value of the NIS against other currencies in which import and export transactions are conducted.
Import of Goods- import of goods, in July 2014, totaled NIS 22.6B. A breakdown of the data of imports by economic use indicates that in July 2014, 39% of total imports were import of raw materials (excluding diamonds and fuels); 17% were consumer goods; 12% were machinery, equipment and land vehicles for investment; and 32% diamonds, fuels, ships and aircraft.
Trend data of imported raw materials (excluding diamonds and fuels) point to a drop of 3.1%, in May- July 2014, at an annual rate after an increase of 0.6% in February- April 2014.
Breakdown by groups of import of raw materials shows that import of iron and steel products decreased by 15.4% at an annual rate, import of plastic products decreased by 8.5% at an annual rate and import of electronic decreased by 6.3% at an annual rate. In contrast, import of food increased by 23.9% at an annual rate (1.8% monthly average).
Trend data of import of investment goods (excluding ships and aircraft) point to a drop of 9.9%, at an annual rate, in May-July 2014 continuing a decrease of 12.8% in February-April 2014.
Breakdown by groups points that import of vehicles for investment point to a decrease of 26.4% at an annual rate (-2.5% monthly average). In contrast, import of machinery and equipment (65% of investment imports) point to a rise of 0.5%, at an annual rate.
Trend data of import of consumer goods decreased by 1.7% at an annual rate in May-July 2014, after an increase of 2.4% in February- April 2014.
Import of durable goods point to a drop of 3.7%, at an annual rate, in May-July 2014. Import of non-durable goods decreased by 0.2% at an annual rate, in the last three months. Most of the decrease was recorded in import of medicine category (8.6% at an annual rate).
Import of diamonds (net, rough and polished) in January-July 2014 totaled NIS 17.3B.
Import of fuels (crude oil, distillates and coal) in January-July 2014 totaled NIS 28.0B a decrease of 14.2% compared to the same months of the previous year.
Export of Goods- Export of goods in New Israel Shekels (NIS) totaled in July 2014 NIS 16.0 billion.
In July 2014, manufacturing, mining and quarrying exports (excluding working diamonds) constituted 84% of all export of goods. Export of diamonds constituted 15%, and the remaining were agriculture, forestry and fishing exports.
Trend data of manufacturing, mining and quarrying exports point to a drop of 11.0%, at an annual rate, in May - July 2014, continuing a decrease of 9.1% in February-April 2014.
Trend data of exports by high technology industries (43% of total manufacture exports) point to a drop of 8.2%, at an annual rate, in May- July 2014, continuing a decrease of 11.2% in February-April 2014.
Breakdown by economic activity shows that export of pharmaceutical products point a decrease of 20.7% at an annual rate.
Trend data of exports by medium-high technology industries (37% of total manufacture exports) point to a drop of 15.6%, at an annual rate, in May- July 2014, continuing a decrease of 8.4% in February- April 2014.
Breakdown by economic activity shows that export of chemicals and its products point a decrease of 29.3% at an annual rate (-2.8 monthly average).
Trend data of exports by medium-low technology industries (13% of total manufacture exports) point to a drop of 25.2% at an annual rate (-2.4 monthly average), in the last three months continuing a decrease of 9.3%, in February-April 2014.
Trend data of exports by low technology industries (7% of total manufacture exports) decreased by 5.9% at an annual rate, in May-July 2014 after an increase of 0.7% in February-April 2014.
Breakdown by economic activity shows that export of manufacture of food products beverages and tobacco products point a drop of 16.4% at an annual rate. Manufacture of fine jewellery and imitation jewellery and related products decreased by 12.2% at an annual rate.
Export of diamonds (net, polished and rough), in January- July 2014, totaled NIS 21.0 billion.
Agricultural, forestry and fishing exports in January-July 2014 totaled NIS 3.2B (original data) a decrease of 12.8% compared to the same period in 2013. Export of flowers decreased by 16.6% in the same period.
