The Israel Central Bureau of Statistics (CBS) reported that in May 2015, import of goods (gross, excluding diamonds) totaled NIS 17.9 billion. 34% were imports from EU countries, 22% - from Asian countries, 14% - from USA and 30% - from Other Countries.
The CBS noted that trend data in March-May 2015 point to a rise of 15.6% in exports of goods to EU countries. The CBS also noted a decrease in import of goods from the EU countries (-5.2%) and from Asian countries (-19.2%).
In May 2015, export of goods (gross, excluding diamonds) totaled NIS 14.6 billion and the trade deficit in goods (excluding diamonds) totaled NIS 3.3 billion. 34% were exports to EU countries, 22% - to Asian countries, 24% - to USA, and 20% - to other countries.
Trade Balance January-May 2015 - The trade deficit in goods (excl. diamonds) with EU countries totaled NIS 6.8 billion (11.5% compared to January-May 2014). The trade deficit in goods (excl. diamonds) with Asian countries totaled NIS 4.2 billion (-21.8.1% compared to January-May 2014).
The trade surplus in goods (excl. diamonds) with USA totaled NIS 5.8 billion compared with NIS 3.0 billion in the same period of the previous year (93.4% compared to January-May 2014).
An overview of the development of import and export of goods during May 2015 was published in a media release - Israel's Foreign Trade, Import And Export of Goods: May 2015 on 11.05.2015. Import of Goods March -May 2015 - Trend data by main country groups indicates that imports from EU countries decreased by 5.2%, at an annual rate, in march-May 2015, continuing an decrease of 1.9% in December 2014-February 2015.
In January-May 2015 imports (excluding diamonds) from Germany, Slovenia and Czech republic decreased significantly.Imports of goods from USA increased by 0.9%, at an annual rate, in march-May 2015, continuing an increase of 25.8% in December 2014-February 2015 (1.9% monthly average).
Imports from Asian Countries decreased by 9.9% in the last three months at an annual rate, after an increase of 4.6% in December 2014-February 2015 at an annual rate. In January-May 2015 imports (excluding diamonds) from South Korea, and Philippines decreased significantly.
Imports from Other Countries increased by 0.3% in the last three months, at an annual rate, after a decrease of 17% in December 2014-February 2015. In January-May 2015 imports (excluding diamonds) from Russian Federation, Switzerland and Paraguay increased significantly.
Export of Goods March-May 2015 - Exports to EU countries increased by 15.6%, at an annual rate in March-May 2015, continuing a increase of 5.5% in December 2014-February 2015. In January-May 2015 exports (excluding diamonds) to United Kingdom, Slovenia and Slovakia increased significantly.
Exports to USA decreased by 16.3%, at an annual rate in March-May 2015, after an increase of 15.8% in December 2014-February 2015. Exports to Asian Countries decreased by 3.4%, at an annual rate in the last three months, after an increase of 48.6% in December 2014-February 2015 (3.4% monthly average).
In January-May 2015 exports (excluding diamonds) to Malaysia, Singapore and Georgia decreased significantly.
Exports to Other Countries decreased by 43.8%, at an annual rate in March-May 2015, continuing a decrease of 30.4% in December 2014-February 2015 (-3.0% monthly average). In January-May 2015 exports (excluding diamonds) to Turkey, Ghana and Egypt decreased significantly.
