The trade deficit in Israel decreased to USD 2,937 million in July 2019 from USD 3,019 million in the corresponding month of the previous year. Exports jumped 6.6 percent to USD 4,296 million while imports rose at a softer 2.6 percent to USD 7,233 million. Considering the January to July period, the trade gap widened to USD 13.9 billion from USD 12.8 billion in the same period of 2018, as exports fell 3.8 percent to USD 31.2 billion while imports dropped 0.3 percent to USD 45 billion. Balance of Trade in Israel averaged -498.79 USD Million from 1959 until 2019, reaching an all time high of 113.80 USD Million in May of 2009 and a record low of -3019 USD Million in July of 2018.

Balance of Trade in Israel is expected to be -2250.00 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 -1500.40 in 12 months time. In the long-term, the Israel Balance of Trade is projected to trend around -1589.70 USD Million in 2020, according to our econometric models.

Israel Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-19 10:00 AM Balance of Trade Apr $-2531M $-1182M $-1620M
2019-06-12 10:00 AM Balance of Trade May $-1534M $-2302M $-1210M
2019-07-11 12:15 PM Balance of Trade Jun $-2176M $-1767M $-2060M
2019-08-13 10:00 AM Balance of Trade Jul $-2936.9M $-1990.2M $-3200M
2019-09-17 10:00 AM Balance of Trade Aug $-2936.9M $-1740M
2019-10-11 10:00 AM Balance of Trade Sep $ -1090M
2019-11-13 11:00 AM Balance of Trade Oct $-2280M


Israel Trade Last Previous Highest Lowest Unit
Balance of Trade -2936.90 -1990.20 113.80 -3019.00 USD Million [+]
Current Account 2607.00 2764.00 4288.00 -1750.20 USD Million [+]
Current Account to GDP 1.90 2.60 5.30 -8.40 percent [+]
Imports 7232.70 6151.60 7232.70 33.10 USD Million [+]
Exports 4295.80 4161.40 5848.30 10.80 USD Million [+]
External Debt 98231.30 92080.60 117188.00 18963.00 USD Million [+]
Terms of Trade 106.40 105.70 120.76 87.22 Index Points [+]
Capital Flows -1870.00 1966.00 8287.20 -3525.60 USD Million [+]
Foreign Direct Investment 45085.80 44442.90 45085.80 -10028.10 USD Million [+]
Remittances 1275.30 1284.70 1541.60 46.60 USD Million [+]
Tourist Arrivals 322.80 365.10 485.70 15.31 Thousand [+]
Terrorism Index 4.58 5.06 6.86 4.58 [+]
Weapons Sales 707.00 1254.00 1441.00 4.00 USD Million [+]
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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2936.90 -1990.20 113.80 -3019.00 1959 - 2019 USD Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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