Israel’s trade deficit in goods with EU countries totaled NIS 21.9 billion in October

40% of imports were from EU countries, 24% from Asian countries, 14% from USA and 22% from other countries
22.11.15 / 10:36
Israel’s trade deficit in goods with EU countries totaled NIS 21.9 billion in October
22.11.15
Israel’s trade deficit in goods with EU countries totaled NIS 21.9 billion in October

In October 2015, import of goods (gross, excluding diamonds) totaled NIS18.1 billion. 40% were imports from EU countries, 24% - from Asian countries, 14% - from USA and 22% - from Other Countries. In October 2015, export of goods (gross, excluding diamonds) totaled NIS 14.0 billion and the trade deficit in goods (excluding diamonds) totaled NIS 4.1 billion. 28% were exports to EU countries, 26% - to Asian countries, 26% - to USA, and 20% - to other countries.

 

Trade Balance January- October 2015

The trade deficit in goods (excl. diamonds) with EU countries totaled NIS 21.9 billion (a rise of 22.7% compared to January- October 2014).

 

The trade deficit in goods (excl. diamonds) with Asian countries totaled NIS 6.8 billion (a drop of 45.5% compared to January- October 2014).

 

The trade surplus in goods (excl. diamonds) with USA totaled NIS 10.2 billion compared with NIS 7.8 billion in the same period of the previous year (a rise of 31.2% compared to January- October 2014).

 

Import of Goods August-October 2015

Trend data by main country groups indicates that imports from EU countries increased by 12.1%, at an annual rate, in August-October 2015, continuing an increase of 15.7% in May-July 2015. In January- October 2015 imports (excluding diamonds) from Ireland, Slovakia and Bulgaria increased significantly.

 

Imports of goods from USA decreased by 9.4%, at an annual rate, in August-October 2015, continuing a decrease of 11.1% in May-July 2015.

 

Imports from Asian Countries decreased by 6.8% in the last three months, at an annual rate, continuing a decrease of 8.5% in May-July 2015 at an annual rate. In August-October 2015 imports (excluding diamonds) from Malaysia and Philippines decreased significantly.

 

Imports from other Countries decreased by 27.0% in the last three months (-2.6% monthly average), at an annual rate, continuing a decrease of 35.2% in May-July 2015 (-3.5% monthly average). In January- October 2015 imports (excluding diamonds) from Iceland, Colombia, and Ethiopia decreased significantly.

 

Export of Goods August-October 2015

Exports to EU countries decreased by 27.8%, at an annual rate in August-October 2015 (-2.7% monthly average), continuing a decrease of 21.0% in May-July 2015 (-1.9% monthly average). In January- October 2015 exports (excluding diamonds) to Cyprus, Finland and Spain decreased significantly.

 

Exports to USA decreased by 5.1%, at an annual rate in August-October 2015, continuing a decrease of 21.1% in May-July 2015 (-1.9% monthly average). Exports to Asian Countries decreased by 7.8%, at an annual rate in August-October 2015, after an increase of 14.8% in May-July 2015. In January- October 2015 exports (excluding diamonds) to Uzbekistan, Georgia and Kazakhstan decreased significantly.

 

Exports to Other Countries decreased by 12.3%, at an annual rate in the last three months, continuing a decrease of 29.0% in May-July 2015 (-2.8% monthly average). In January- October 2015 exports (excluding diamonds) to Ukraine, Turkey and Costa Rica decreased significantly.