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.


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Israel Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1833.70 -3039.30 113.80 -3039.30 1959 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-13 11:00 AM Oct $-2510.2M $-1490.4M $-2280M
2019-12-11 11:00 AM Nov $-978.2M $-2632.2M $-1460M
2020-01-13 11:00 AM Dec $-3039.3M $-965.9M $ -1940M
2020-02-12 11:00 AM Jan $-1833.7M $-3039.3M $-2800M
2020-03-12 11:00 AM Feb $-1833.7M $-901.6M
2020-04-23 10:00 AM Mar $ -1660M
2020-05-13 10:00 AM Apr
2020-06-11 10:00 AM May


News Stream
Israel Trade Gap Narrows 14.5% YoY in January
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.
2020-02-12
Israel Trade Gap Widens in December
The trade deficit in Israel rose to USD 3.04 billion in December of 2019 from USD 2.00 billion in the corresponding month of the previous year. Exports fell 2.5 percent year-on-year to USD 4.07 billion while imports jumped 15.1 percent to USD 7.11 billion. Considering full 2019, the trade gap widened to USD 23.7 billion from USD 21.5 billion last year, as exports plunged 4.2 percent to USD 51.9 billion while imports were unchanged at USD 75.6 billion. Exporters have suffered from a strong shekel, which appreciated 8.3 percent last year against a basket of currencies of Israel's main trading partners.
2020-01-13
Israel Trade Gap Narrows 25.8% YoY in November
The trade deficit in Israel decreased to USD 978.2 million in November of 2019 from USD 1,318.2 million in the corresponding month of the previous year. Exports dropped 1.0 percent to USD 4,632.8 million while imports fell 6.5 percent to USD 5,611 million. Considering the January to November period, the trade gap widened to USD 20.8 billion from USD 19.5 billion in the same period of 2018, as exports fell 4.8 percent to USD 47.6 billion while imports dropped at a softer 1.5 percent to USD 68.4 billion.
2019-12-11
Israel Trade Gap Widens Slightly in October
The trade deficit in Israel rose to USD 2.5 billion in October of 2019 from USD 2.4 billion in the corresponding month of the previous year. Exports slumped 21.8 percent to USD 3.6 billion and imports edged down 12.9 percent to USD 6.1 billion. Considering the January to October period, the trade gap widened to USD 19.7 billion from USD 18.2 billion in the same period of 2018, as exports fell 4.9 percent to USD 43.1 billion while imports dropped 1.1 percent to USD 62.8 billion.
2019-11-13

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.