The trade deficit in Israel decreased to USD 1,833.7 million in January of 2020 from USD 2,144.2 million in the corresponding month of the previous year. Exports dropped 0.5 percent to USD 4.356.4 million while imports fell 5.1 percent to USD 6,193.1 million. Israel Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Balance of Trade in Israel averaged -510.65 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 -3039.30 USD Million in December of 2019. This page provides - Israel Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Balance of Trade in Israel is expected to be -1500.40 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 2021 and -2160.00 USD Million in 2022, according to our econometric models.