Israel's trade deficit more than doubled to USD 5.5 billion in May of 2022 from USD 2.6 billion in the same month last year, as imports soared 42.2 percent to a fresh record high of USD 10.4 billion. Purchases were up sharply for fuels (88.1 percent) and raw materials (33.3 percent) amid surging commodity prices, and to a lesser extent, for consumer goods (16.3 percent) and investment goods (10.5 percent). Meanwhile, exports rose a much slower 5.0 percent to USD 4.9 billion, mainly boosted by sales of manufacturing, mining & quarrying products (8.0 percent). source: Central Bureau of Statistics, Israel
Balance of Trade in Israel averaged -587.81 USD Million from 1959 until 2022, reaching an all time high of 113.80 USD Million in May of 2009 and a record low of -5482.90 USD Million in May of 2022. 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 2022.
Balance of Trade in Israel is expected to be -3290.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Balance of Trade is projected to trend around -4190.00 USD Million in 2023, according to our econometric models.