Israel's trade gap narrowed to USD 1,757.3 million in June of 2020 from USD 1,928.6 million in the corresponding month of the previous year. Imports dropped 9.3 percent from a year earlier to USD 5,584.1 million while exports fell 9.5 percent to USD 3,826.8 million. Considering the January to June period, the country’s trade deficit decreased to USD 9,225.1 million from USD 10,726.0 million in the same period of 2019.

Balance of Trade in Israel averaged -517.14 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 -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 August of 2020.

Balance of Trade in Israel is expected to be -1960.00 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 -2080.00 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
-1757.30 -887.00 113.80 -3082.60 1959 - 2020 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-23 10:00 AM Mar $-2148M $-1405M $ -1660M
2020-05-13 10:00 AM Apr $-1788.2M $-1962.3M $-3100M
2020-06-11 10:00 AM May $-1133.9M $-1530.7M $-1830M
2020-07-13 10:00 AM Jun $-1757.3M $-887M $ -1960M
2020-08-12 10:00 AM Jul $-1757.3M $-1940M
2020-09-13 10:00 AM Aug
2020-10-21 11:00 AM Sep $ -1960M
2020-11-12 11:00 AM Oct


News Stream
Israel Trade Deficit Shrinks in June
Israel's trade gap narrowed to USD 1,757.3 million in June of 2020 from USD 1,928.6 million in the corresponding month of the previous year. Imports dropped 9.3 percent from a year earlier to USD 5,584.1 million while exports fell 9.5 percent to USD 3,826.8 million. Considering the January to June period, the country’s trade deficit decreased to USD 9,225.1 million from USD 10,726.0 million in the same period of 2019.
2020-07-13
Israel Posts Smallest Trade Gap in 6 Months
Israel's trade deficit decreased to USD 1,133.9 million in May of 2020 from USD 1,721 million in the corresponding month of the previous year. This was the smallest monthly trade shortfall since last November, amid the lingering effects of Covid-19. Imports slumped 18.7 percent to USD 4,754.8 million while exports declined at a softer 12.3 percent to USD 3,620.9 million. Considering the January to May period, the country’s trade gap narrowed to USD 7,790 million from USD 8,753.6 million in the corresponding period of 2019.
2020-06-11
Israel Trade Deficit Narrows in April
Israel’s trade deficit narrowed to USD 1,788.2 million in April 2020 from USD 2,466.9 million in the same month of the previous year. Imports plunged 26.3 percent over a year earlier to a three-year low of USD 4,588.3 million while exports declined at a softer 25.6 percent to an eleven-year low of USD 2,800.1 million amid the coronavirus crisis. Considering the January to April period, the country’s trade gap widened to USD 7,104.6 million from USD 7,032.6 million in the corresponding period of 2019, as exports fell 15.5 percent while imports went down at a slower 11 percent.
2020-05-13
Israel Trade Gap Narrows in February
The trade deficit in Israel decreased to USD 1,305.9 million in February of 2020 from USD 1,415.1 million in the corresponding month of the previous year. Exports dropped 6.7 percent to USD 4,390.3 million while imports fell 6.9 percent to USD 5,696.2 million. Considering the January to February period, the trade gap narrowed to USD 2,973.3 million from USD 3,559.3 million in the same period of 2018, as exports fell 1.9 percent to USD 8,918.6 million while imports dropped 6.0 percent to USD 11,891.9 million.
2020-03-12

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.