The trade deficit in Israel deepened to USD 1,862.6 million in January of 2021 from USD 1,642.7 million in the corresponding month of the previous year. Exports increased 2.6 percent from a year earlier to USD 4,669.2 million while imports climbed 5.5 percent to USD 6,531.8 million. source: Central Bureau of Statistics, Israel

Balance of Trade in Israel averaged -527.75 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 February of 2021.

Balance of Trade in Israel is expected to be -1350.00 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 -1589.70 in 12 months time. In the long-term, the Israel Balance of Trade is projected to trend around -1589.70 USD Million in 2022 and -2160.00 USD Million in 2023, according to our econometric models.

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Israel Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1862.60 -2992.60 113.80 -3082.60 1959 - 2021 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-12 11:00 AM Oct $-1553.8M $-1019.3M $-1500M
2020-12-13 11:00 AM Nov $-1437.3M $-1444.2M $-1370M
2021-01-13 11:00 AM Dec $-2992.6M $-1325.4M $-1350M
2021-02-11 11:00 AM Jan $-1862.6M $-2992.6M $-1900M
2021-03-11 11:00 AM Feb $-1862.6M $-1400M
2021-04-19 10:00 AM Mar
2021-05-13 10:00 AM Apr
2021-06-13 10:00 AM May


News Stream
Israel Trade Deficit Widens in January
The trade deficit in Israel deepened to USD 1,862.6 million in January of 2021 from USD 1,642.7 million in the corresponding month of the previous year. Exports increased 2.6 percent from a year earlier to USD 4,669.2 million while imports climbed 5.5 percent to USD 6,531.8 million.
2021-02-11
Israel Trade Gap Narrows in December
The trade deficit in Israel shrank to USD 2,992.6 million in December of 2020 from USD 3,082.6 million in the corresponding month of the previous year. Exports jumped 14.2 percent from a year earlier to USD 4,598.8 million while imports climbed at a softer 6.8 percent to USD 7,591.4 million. Considering full 2020, the country's trade gap narrowed to USD 20,177.7 million from USD 23,799.5 million, as imports slumped 8.2 percent while exports fell at a slower 5 percent.
2021-01-13
Israel Trade Deficit Widens in November
The trade deficit in Israel increased to USD 1437.3 million in November of 2020 from USD 895.2 million in the corresponding month of the previous year. Imports surged 5.1 percent year-on-year to USD 5962.4 million while exports declined 5.3 percent to USD 4525.1 million. Considering the first eleven months of the year, the country's trade gap went down slightly to USD 17,151 million from USD 20,717 million in the same period of 2019, as imports slumped 9.8 percent while exports fell at a slower 6.5 percent.
2020-12-13
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 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.