January-September 2015
Trade Deficit in goods totaled NIS 24.1 billion September 2015-Export of goods as percent of imports (excluding ships, aircraft and diamonds) constituted 82.2% compared to 75.7% at the same period in 2014.
Trade deficit (goods only) in January - September totaled NIS 2.7 billion compared to NIS 32.2 billion deficit in January - September 2014.
Import of goods (excluding ship, aircraft, diamonds and fuels) decreased by 5.1% at an annual rate in July - September 2015, according to trend data, after an increase of 1.1% in April - June 2015.
Export of goods (excluding ships, aircraft and diamonds) decreased by 14.8% at an annual rate, according to trend data, continuing a decrease of 15.5% in April - June 2015. Trade in goods in September 2015 was influenced by changes in the value of the NIS against other currencies in which import and export transactions are conducted.
In September 2015, the NIS weakened compared the US Dollar by 1.7%. Compared to the Euro the NIS weakened by 2.6% and compared to the Sterling Pound 0.2% and the Japanese Yen the NIS weakened by 4.2%. Compared to the Swiss Franc weakened by 1.4%.
Import of Goods-Import of goods, in September 2015, totaled – as mentioned – NIS 15.9 billion. 46% of total imports were import of raw materials (excluding diamonds and fuels); 20% were consumer goods; 12% were machinery, equipment and land vehicles for investment; and 22% diamonds, fuels, ships and aircraft.
Trend data of imported raw materials (excluding diamonds and fuels) decreased by 0.1%, in July – September 2015, at an annual rate continuing an decrease of 1.0% in April - June 2015.
A breakdown by groups points that import of Non-Ferrous metals decreased by 20.8% at an annual rate, and import of iron and steel decreased by 15.4% at annual rate .import of Chemicals decreased by 4.8% at annual rate. In contrast, import of inputs for paper manufacturing increased by 12.2% at an annual rate.
Trend data of import of investment goods (excluding ships and aircraft) decreased by 16.1%, at annual rate, in July-September 2015 after an increase of 4.2% in April - June 2015.
A breakdown by groups points that import of transport equipment point to an decrease of 16.7% at an annual rate. import of machinery and equipment (65% of investment imports) point to a decrease of 15.9% at an annual rate.
Trend data of import of consumer goods decreased by 4.4% at an annual rate in July - September 2015, after an increase of 0.9% in April - June 2015. Import of durable goods (furniture, electrical equipment and transport equipment) decreased by 6.5%, at an annual rate, in July-September 2015.
Import of nondurable goods (medicines, food and beverages, clothing and footwear and house-hold utensils) decreased by 3.6% at an annual rate, in the last three months. Breakdown by economic activity shows that export of House-hold utensils decreased by 9.3% at an annual rate.
Import of diamonds (net, rough and polished) in January -September 2015 totaled NIS 18.3 billion compared to NIS 21.9 billion in the same period of 2014 (-16.6% compared to the same period in 2014).
Import of fuels (crude oil, distillates and coal) in January -September 2015 totaled NIS 22.6 billion, compared to NIS 35.8 billion in the same period of 2014 (-36.7% compared to the same period in 2014).
Export of Goods
Export of goods totaled – as mentioned – NIS 14.1 billion in September 2015. Manufacturing, mining and quarrying exports (excluding diamonds) constituted 85% of all export of goods. Export of diamonds constituted 14%, and the remaining 1% were agriculture, forestry and fishing exports.
Trend data of manufacturing, mining and quarrying exports (excluding diamonds) point a decrease of 11.2%, at an annual rate, in July -September 2015, continuing a decrease of 12.7% in April - June 2015.
Trend data of manufacture exports, by technological intensity
Trend data of exports by high technology industries (49% of total manufacture exports) decreased by 15.8%, at an annual rate, in July -September, continuing an decrease of 5.2% in April - June 2015.
Trend data of exports by medium-high technology industries (32% of total manufacture exports) decreased by 11.1% at an annual rate, in July -September 2015, continuing a decrease of 29.3% at an annual rate (-2.9% monthly average) in April - June 2015. Breakdown by economic activity shows that export of manufacture of chemical and chemical products decreased by 12.3% at an annual rate .
Trend data of exports by medium-low technology industries (12% of total manufacture exports) point to a drop of 1.9% at an annual rate in the last three months continuing a decrease of 9.4%, in April-June 2015. Breakdown by economic activity shows that export of manufacture of basic metals decreased by 33.1% (-3.3% monthly average)
Trend data of exports by low technology industries (7% of total manufacture exports) decreased by 4.8% at an annual rate, in July-September 2015 continuing a decrease of 1.6% in April - June 2015.
Breakdown by economic activity shows that export of manufacture of food products, beverages and tobacco products decreased by 20.2% at an annual rate.
Export of diamonds (net, polished and rough), in January-September 2015, totaled NIS 22.0 billion compared to NIS 26.0 billion in the same period in 2014.
Agricultural, forestry and fishing exports in January - September 2015 totaled NIS 3.5 billion (original data) a decrease of 3.7% compared to the same period in 2014. Export Growing of flowers, decreased by 11.2% compared to the same period in 2014.
