Israel Balance of Trade  1959-2018 | Data | Chart | Calendar | Forecast

The trade deficit in Israel increased 116.3 percent year-on-year to USD 2555.1 million in June of 2018 from USD 1181.3 million in the same month a year earlier. It was the highest trade gap on record, as imports jumped 21.8 percent year-on-year to USD 6671.4 million, boosted by higher purchases of raw materials, excluding diamonds & fuels (+14.6 percent); consumer goods (+12.1 percent); diamonds, fuels, ships & aircraft (+43 percent) and investment goods (+25.1 percent). In addition, exports declined 4.1 percent to USD 4116.3 million, mainly due to a drop of 4.9 percent of manufacturing, mining & quarrying exports. Also, shipments went down for ships, aircraft & diamonds (-42.2 percent) and agriculture, forestry & fishing (-14.3 percent). On the other hand, working of diamonds (53.9 percent) advanced faster. Balance of Trade in Israel averaged -474.33 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 -2555.10 USD Million in June of 2018.

Israel Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-13 10:00 AM Balance of Trade $-2208.8M $-1657.8M $ -2300M
2018-06-13 10:00 AM Balance of Trade $-2147.4M $-1892.9M $ -1340M
2018-07-12 10:00 AM Balance of Trade $-2555.1M $-1988.8M $ -2170M
2018-08-13 10:00 AM Balance of Trade $-2555.1M $ -2450M
2018-09-13 10:00 AM Balance of Trade $ -2500M
2018-10-26 10:00 AM Balance of Trade $ -1316M


Israel Trade Last Previous Highest Lowest Unit
Balance of Trade -2555.10 -1988.80 113.80 -2555.10 USD Million [+]
Exports 4116.30 4673.60 5848.30 10.80 USD Million [+]
Imports 6671.40 6662.40 6987.10 33.10 USD Million [+]
Current Account 1881.00 2292.30 4600.80 -1750.20 USD Million [+]
Current Account to GDP 4.10 3.60 4.80 -8.40 percent [+]
External Debt 91240.80 89212.80 117188.00 18963.00 USD Million [+]
Terms of Trade 108.48 108.06 120.76 87.22 Index Points [+]
Capital Flows -2197.70 2474.50 18220.50 -7572.90 USD Million [+]
Foreign Direct Investment 32237.50 25050.00 32237.50 -10028.10 USD Million [+]
Remittances 1252.00 1193.40 1552.10 0.00 USD Million [+]
Tourist Arrivals 310.20 395.90 426.41 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2555.10 -1988.80 113.80 -2555.10 1959 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan 721.41 Jun/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -2153628.00 May/18
Switzerland 1309.00 Jun/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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