Israel’s foreign trade deficit in goods totaled NIS 3.9 billion.in March

Import of goods stood at NIS 21.3 billion, while export of goods totaled NIS 17.5 billion
03.05.15 / 10:16
Israel’s foreign trade deficit in goods totaled NIS 3.9 billion.in March
03.05.15
Israel’s foreign trade deficit in goods totaled NIS 3.9 billion.in March

In March 2015, import of goods (gross, excluding diamonds) totaled NIS 21.3 billion. 34% were imports from EU countries, 24% from Asian countries, 15% from USA and 27% from Other Countries.

 

Export of goods (gross, excluding diamonds) totaled NIS 17.5 billion and the trade deficit in goods (excluding diamonds) totaled NIS 3.9 billion. 29% were exports to EU countries, 27% to USA, 22% to Asian countries and 22% to Other countries.

 

Trade balance in Goods – January- March

The trade deficit in goods (excl. diamonds) with EU countries totaled NIS 3.2 billion (-5.4% compared to January- March 2014).

 

The trade deficit in goods (excl. diamonds) with Asian countries totaled NIS 2.3 billion (-22.6% compared to January - March 2014).

 

The trade surplus in goods (excl. diamonds) with USA totaled NIS 4.4 billion (73.8% compared to January - March 2014).

 

The trade deficit in goods (excl. diamonds) with Other countries totaled NIS 4.0 billion (-46.8% compared to January - March 2014).

 

Import of goods January-March 2015

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) rose 12.4%, at an annual rate, in January-March 2015, continuing a rise of 14.7% in October–December 2014.

 

Trend data by main country groups indicates that imports from EU countries point to a drop of 1.0%, at an annual rate, in January-March 2015, after a rise of 7.4% in October–December 2014. In January- March 2015 imports (excluding diamonds) from Ireland, Belgium and Slovakia, increased significantly compared to January- March 2014.

 

Imports from USA rose 33.3% at an annual rate in January-March 2015 (2.4% monthly average), continuing a rise of 37.9% October–December 2014 (2.8% monthly average).

 

Imports from Asian Countries point to a rise of 19.2% in the last three months, continuing an increase of 21.3% in October–December 2014. In January-March 2015 imports (excluding diamonds) from Vietnam, Hong Kong and China, increased significantly compared to January- March 2014.

 

Imports from Other Country Group point to a drop of 5.0% in the last three months, at an annual rate continuing a decrease of 18.8% in October–December 2014. In January- March 2015 imports (excluding diamonds) from Ukraine, Ethiopia and Egypt, decreased significantly compared to January- March 2014.

 

Exports of goods

The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, export of goods (excluding diamonds) rose 6.5%, at an annual rate, in January-March 2015 continuing an increase of 21.8% in October–December 2014 (1.7% monthly average).

 

Exports to EU countries rose 9.6%, at an annual rate, in January- March 2015, continuing an increase of 6.3% in October–December 2014. In January-February 2015 exports (excluding diamonds) to Malta, Italy and Slovenia, increased significantly compared to January- March 2014.

 

Trend data by main country groups indicates that exports to USA rose 24.0%, at an annual rate, (1.8% monthly average), in January- March 2015 continuing an increase of 57.2% in October–December 2014 (3.8% monthly average).

 

Exports to Asian Countries rose 36.4%, in the last three months (2.6% monthly average), continuing an increase of 79.2% (5.0% monthly average), in October–December 2014. In January-March 2015 exports (excluding diamonds) to India, Vietnam and Thailand, increased significantly compared to January-March 2014.

 

Exports to Other Country Group decreased by 22.8% in January-March 2015 (-2.1% monthly average) after an increase of 1.2% in October–December 2014. In January- March 2015 exports (excluding diamonds) to Turkey, Ghana and Costa Rica, decreased significantly compared to January-March 2014.