Israel’s trade gap widened significantly to USD 2631.1 million in May of 2021 from USD 884.5 million In the corresponding month of the previous year. Imports plunged 49.7 percent from a year ago to USD 7120.2 million while exports fell at a slower 15.9 percent to 4489.1 million. source: Central Bureau of Statistics, Israel

Balance of Trade in Israel averaged -541.20 USD Million from 1959 until 2021, 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 June of 2021.

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

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Israel Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2631.10 -2790.00 113.80 -3082.60 1959 - 2021 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-11 11:00 AM Feb $-2777.2M $-2070.5M $-1400M
2021-04-19 10:00 AM Mar $-2934.9M $-2486.7M $-2100M
2021-05-13 10:00 AM Apr $-2799.9M $-2731M $-2500M
2021-06-13 10:00 AM May $-2631.1M $-2790M $-2500M
2021-07-13 10:00 AM Jun $-2631.1M $ -2080M
2021-08-12 10:00 AM Jul
2021-09-19 10:00 AM Aug
2021-10-13 10:00 AM Sep $ -2080M


News Stream
Israel Trade Deficit Widens in May
Israel’s trade gap widened significantly to USD 2631.1 million in May of 2021 from USD 884.5 million In the corresponding month of the previous year. Imports plunged 49.7 percent from a year ago to USD 7120.2 million while exports fell at a slower 15.9 percent to 4489.1 million.
2021-06-13
Israel Trade Deficit widens in April
The trade deficit in Israel widened to USD 2799 million in April of 2021 from USD 1608.9 million in the corresponding month of the previous year. Exports surged 40.4 percent from a year earlier to USD 4212.9 million while imports climbed 52.1 percent to USD 7012.8 million.
2021-05-13
Israel Trade Deficit Widens in March
The trade gap in Israel widened to USD 2,934.9 million in March of 2021 from USD 1,948.0 million in the corresponding month of the previous year. Exports climbed 7.6 percent from a year earlier to USD 4,326.6 million while imports surged 21.7 percent to USD 7,261.5 million.
2021-04-19
Israel Trade Gap Widens in February
The trade gap in Israel widened to USD 2,777.2 million in February of 2021 from USD 1,436.5 million in the corresponding month of the previous year. Exports fell 17.5 percent from a year earlier to USD 3,791.9 million while imports climbed 8.9 percent to USD 6,569.1 million.
2021-03-11

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.