The trade deficit in Israel narrowed to USD 2,882.3 million in February 2024 from USD 3,142.9 million in the same month a year earlier. Year-on-year exports increased by 6.4% to USD 4,898 million, mainly due to a 7.7% rise in sales excluding ships, aircraft & diamonds. On the other hand, imports decreased by 0.4% to USD 7,720 million. source: Central Bureau of Statistics, Israel

Israel recorded a trade deficit of 2822.30 USD Million in February of 2024. Balance of Trade in Israel averaged -646.18 USD Million from 1959 until 2024, reaching an all time high of 113.80 USD Million in May of 2009 and a record low of -5178.20 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 March of 2024.

Israel recorded a trade deficit of 2822.30 USD Million in February of 2024. Balance of Trade in Israel is expected to be -4710.00 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 -2000.00 USD Million in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-13 12:50 PM
Balance of Trade
Jan $-1798.7M $-2029.8M $-2110.0M
2024-03-13 11:00 AM
Balance of Trade
Feb $-2822.3M $-1798.7M $-1100.0M
2024-04-14 10:00 AM
Balance of Trade
Mar $-2822.3M $ -4710M


Related Last Previous Unit Reference
Balance of Trade -2822.30 -1798.70 USD Million Feb 2024
Capital Flows 15108.40 971.00 USD Million Dec 2023
Current Account 10541.10 4652.00 USD Million Dec 2023
Exports 4898.20 4778.50 USD Million Feb 2024
External Debt 154689.70 155212.10 USD Million Dec 2023
Foreign Direct Investment 135790.60 132448.50 USD Million Dec 2023
Imports 7720.50 6577.20 USD Million Feb 2024
Remittances 1341.80 1272.70 USD Million Dec 2023
Terms of Trade 91.72 90.75 points Dec 2023
Tourist Arrivals YoY 67.50 58.60 Thousand Feb 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2822.30 -1798.70 113.80 -5178.20 1959 - 2024 USD Million Monthly
NSA

News Stream
Israel Trade Deficit Narrows in February
The trade deficit in Israel narrowed to USD 2,882.3 million in February 2024 from USD 3,142.9 million in the same month a year earlier. Year-on-year exports increased by 6.4% to USD 4,898 million, mainly due to a 7.7% rise in sales excluding ships, aircraft & diamonds. On the other hand, imports decreased by 0.4% to USD 7,720 million.
2024-03-13
Israel Trade Deficit Narrows in December
The trade deficit in Israel narrowed to USD 2,029.8 million in December 2023 from USD 3,240.3 in the same month a year earlier. Year-on-year, exports dropped 3.2% to USD 5,472.7 million, mainly due to lower sales of processed (-64.9%) and wholesale of diamonds (-27.9%). Meanwhile, imports shrank at a much faster 15.6% to USD 7,502.5 million, primarily driven by decreased purchases of ships and aircraft (-93.0%), and raw and processed diamonds (-21.5%). Considering the whole year, the trade deficit declined to USD 31,29.4 million compared to USD 39,841.2 million in 2022, with exports falling 11.0% and imports by 14.9%.
2024-01-15