The trade deficit in Israel stood at USD 1.5 billion in May 2019, unchanged from the corresponding month of the previous year. Exports slumped 8.5 percent to USD 4.3 billion and imports dropped 6.3 percent to USD 5.8 billion. Considering the January to May period, the trade gap widened to USD 8.5 billion from USD 7.7 billion in the same period of 2018, as exports fell 3.9 percent to USD 23.1 billion while imports edged down 0.2 percent to USD 31.6 billion. Balance of Trade in Israel averaged -493.43 USD Million from 1959 until 2019, reaching an all time high of 113.80 USD Million in May of 2009 and a record low of -3019 USD Million in July of 2018.

Balance of Trade in Israel is expected to be -2280.00 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 -1500.40 in 12 months time. In the long-term, the Israel Balance of Trade is projected to trend around -1589.70 USD Million in 2020, according to our econometric models.

Israel Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-13 11:00 AM Balance of Trade $-1065.7M $-1925.6M $ -2180M
2019-04-16 10:00 AM Balance of Trade $-1563.6M $-1460.2M $-1484M
2019-05-19 10:00 AM Balance of Trade $-2531M $-1182M $-1620M
2019-06-12 10:00 AM Balance of Trade $-1534M $-2302M $-1210M
2019-07-12 10:00 AM Balance of Trade $-1534M $ -2060M
2019-08-13 10:00 AM Balance of Trade $-3200M
2019-09-17 10:10 AM Balance of Trade $-1740M


Israel Trade Last Previous Highest Lowest Unit
Balance of Trade -1534.30 -2302.30 113.80 -3019.00 USD Million [+]
Current Account 4187.00 2879.00 4430.00 -1750.20 USD Million [+]
Current Account to GDP 1.90 2.60 5.30 -8.40 percent [+]
Imports 5843.50 6225.00 7049.70 33.10 USD Million [+]
Exports 4309.20 3922.70 5848.30 10.80 USD Million [+]
External Debt 92080.60 92912.20 117188.00 18963.00 USD Million [+]
Terms of Trade 106.40 105.70 120.76 87.22 Index Points [+]
Capital Flows 1464.20 -1736.60 8287.20 -3525.60 USD Million [+]
Foreign Direct Investment 44442.90 37190.50 44442.90 -10028.10 USD Million [+]
Remittances 1284.70 1191.50 1541.60 46.60 USD Million [+]
Tourist Arrivals 439.90 405.10 485.70 15.31 Thousand [+]
Terrorism Index 4.58 5.06 6.86 4.58 [+]
Weapons Sales 707.00 1254.00 1441.00 4.00 USD Million [+]
Crude Oil Production 0.39 0.39 0.39 0.06 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Israel Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1534.30 -2302.30 113.80 -3019.00 1959 - 2019 USD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 22532.90 Mar/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.60 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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