The trade deficit in Israel was lower at USD 1553.8 million in October of 2020, compared to USD 2569.9 million a year earlier. Exports surged 17.1 percent year-on-year to USD 4160.9 million while imports declined 6.7 percent to USD 5714.7 million. source: Central Bureau of Statistics, Israel

Balance of Trade in Israel averaged -523.34 USD Million from 1959 until 2020, reaching an all time high of 113.80 USD Million in May of 2009 and a record low of -3082.60 USD Million in December of 2019. This page provides - Israel Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Balance of Trade in Israel is expected to be -2080.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Israel to stand at -2080.00 in 12 months time. In the long-term, the Israel Balance of Trade is projected to trend around -2160.00 USD Million in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Israel Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1553.80 -1019.30 113.80 -3082.60 1959 - 2020 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-12 10:00 AM Jul $-2312.8M $-1538.4M $-1940M
2020-09-13 10:00 AM Aug $-2170.8M $-2190.4M $-1750M
2020-10-21 10:00 AM Sep $-1332.8M $-2077.7M $ -1960M
2020-11-12 11:00 AM Oct $-1553.8M $-1019.3M $-1500M
2020-12-13 11:00 AM Nov $-1553.8M $-1370M
2021-01-13 11:00 AM Dec
2021-02-12 11:00 AM Jan
2021-03-12 11:00 AM Feb


News Stream
Israel Trade Gap Narrows in October
The trade deficit in Israel was lower at USD 1553.8 million in October of 2020, compared to USD 2569.9 million a year earlier. Exports surged 17.1 percent year-on-year to USD 4160.9 million while imports declined 6.7 percent to USD 5714.7 million.
2020-11-12
Israel Trade Gap Widens Slightly
The trade deficit in Israel was slightly higher at $2170.8 million in August of 2020, compared to $2158.7 million a year earlier. Exports went down 8.4 percent year-on-year to $3666.5 million and imports declined 5.2 percent to $5837.3 million.
2020-09-13
Israel Trade Deficit Narrows in July
Israel's trade gap shrank to USD 2,312.8 million in July of 2020 from USD 2,971 million in the corresponding month of the previous year. Imports plunged 18.9 percent from a year ago to USD 5,843.6 million while exports fell at a slower 16.7 percent to USD 3,530.8 million. In the first seven months of the year the country's trade surplus decreased to USD 11,297 million from USD 13.697 million in the same period a year ago.
2020-08-12
Israel Trade Deficit Shrinks in June
Israel's trade gap narrowed to USD 1,757.3 million in June of 2020 from USD 1,928.6 million in the corresponding month of the previous year. Imports dropped 9.3 percent from a year earlier to USD 5,584.1 million while exports fell 9.5 percent to USD 3,826.8 million. Considering the January to June period, the country’s trade deficit decreased to USD 9,225.1 million from USD 10,726.0 million in the same period of 2019.
2020-07-13

Israel Balance of Trade
Israel has been recording trade deficits since 1959 mostly due to a lack of natural resources. Indeed, Israel major imports are: oil and other mineral fuels and uncut diamonds. Main exports are: cut diamonds, pearls and other precious metals and stones; electrical machinery and equipment, mechanical machinery and appliances and electronics. Israel´s main trading partner is the United States (28 percent of total exports and 12 percent of imports). Others include: Hong Kong, China, Belgium, Netherlands, Germany and United Kingdom.