The trade deficit in Israel rose sharply to USD 1,862.4 million in November of 2018 from USD 759.5 million in the corresponding month of the previous year. Exports fell 6.7 percent from a year earlier to USD 4,595.8 million while imports advanced 13.6 percent to USD 6,458.2 million. Considering the January to November period, the trade gap widened to USD 23,176.8 million from USD 13,128.2 million in the same period of 2017, as imports surged 18.5 percent to USD 72,989.6 million and exports slumped 14.8 percent to USD 49,812.8 million. Balance of Trade in Israel averaged -487.27 USD Million from 1959 until 2018, reaching an all time high of 113.80 USD Million in May of 2009 and a record low of -3346.30 USD Million in July of 2018.

Balance of Trade in Israel is expected to be -1227.00 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 -2256.00 in 12 months time. In the long-term, the Israel Balance of Trade is projected to trend around -1590.00 USD Million in 2020, according to our econometric models.

Israel Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-17 10:10 AM Balance of Trade $-2733.5M $-3353.6M $ -2500M
2018-10-11 10:00 AM Balance of Trade $-1806.9M $-2507.5M $ -1316M
2018-11-13 11:00 AM Balance of Trade $-3004.1M $-1472.2 M $ -1300M
2018-12-13 11:00 AM Balance of Trade $-1862.4M $-2938.2M $ -750M
2019-01-13 11:00 AM Balance of Trade $-1862.4M $ -1227M
2019-02-13 11:00 AM Balance of Trade
2019-03-13 11:00 AM Balance of Trade


Israel Trade Last Previous Highest Lowest Unit
Balance of Trade -1862.40 -2938.20 113.80 -3347.90 USD Million [+]
Current Account 795.00 1473.00 4612.00 -1750.20 USD Million [+]
Current Account to GDP 4.10 3.60 4.80 -8.40 percent [+]
Imports 6458.20 7537.40 7537.40 33.10 USD Million [+]
Exports 4595.80 4599.20 5848.30 10.80 USD Million [+]
External Debt 93283.70 91240.80 117188.00 18963.00 USD Million [+]
Terms of Trade 108.64 108.48 120.76 87.22 Index Points [+]
Capital Flows -1194.40 -2898.10 8287.20 -3525.60 USD Million [+]
Foreign Direct Investment 36924.80 32606.50 36924.80 -10028.10 USD Million [+]
Remittances 1236.80 1288.50 1541.60 46.60 USD Million [+]
Tourist Arrivals 388.50 485.50 485.50 15.31 Thousand [+]
Weapons Sales 1263.00 1433.00 1433.00 4.00 USD Million [+]
Terrorism Index 5.06 5.25 6.86 4.92 [+]
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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1862.40 -2938.20 113.80 -3347.90 1959 - 2018 USD Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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