Israel's trade deficit more than doubled to USD 5.5 billion in May of 2022 from USD 2.6 billion in the same month last year, as imports soared 42.2 percent to a fresh record high of USD 10.4 billion. Purchases were up sharply for fuels (88.1 percent) and raw materials (33.3 percent) amid surging commodity prices, and to a lesser extent, for consumer goods (16.3 percent) and investment goods (10.5 percent). Meanwhile, exports rose a much slower 5.0 percent to USD 4.9 billion, mainly boosted by sales of manufacturing, mining & quarrying products (8.0 percent). source: Central Bureau of Statistics, Israel

Balance of Trade in Israel averaged -587.81 USD Million from 1959 until 2022, reaching an all time high of 113.80 USD Million in May of 2009 and a record low of -5482.90 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 June of 2022.

Balance of Trade in Israel is expected to be -3290.00 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 -4190.00 USD Million in 2023, according to our econometric models.

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Israel Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-15 10:00 AM Apr $-3569.9M $-3248.8M $-3500M
2022-06-13 10:00 AM May $-5482.9M $-2964.3M $-3600M
2022-07-13 10:00 AM Jun $-5482.9M $ -3290M


Related Last Previous Unit Reference
Balance of Trade -5482.90 -2964.30 USD Million May 2022
Current Account 5126.70 6605.40 USD Million Mar 2022
Exports 4870.10 5041.50 USD Million May 2022
Imports 10353.00 8611.40 USD Million May 2022
External Debt 163848.50 160573.00 USD Million Mar 2022
Terms of Trade 88.29 89.61 points Mar 2022
Capital Flows -8989.80 12132.60 USD Million Mar 2022
Foreign Direct Investment 104175.40 108833.00 USD Million Mar 2022
Remittances 1579.50 1779.50 USD Million Mar 2022
Tourist Arrivals 249.20 209.90 Thousand May 2022

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
-5482.90 -2964.30 113.80 -5482.90 1959 - 2022 USD Million Monthly
NSA

News Stream
Israel Trade Gap More than Doubles
Israel's trade deficit more than doubled to USD 5.5 billion in May of 2022 from USD 2.6 billion in the same month last year, as imports soared 42.2 percent to a fresh record high of USD 10.4 billion. Purchases were up sharply for fuels (88.1 percent) and raw materials (33.3 percent) amid surging commodity prices, and to a lesser extent, for consumer goods (16.3 percent) and investment goods (10.5 percent). Meanwhile, exports rose a much slower 5.0 percent to USD 4.9 billion, mainly boosted by sales of manufacturing, mining & quarrying products (8.0 percent).
2022-06-13
Israel Trade Gap Widens in April
Israel’s trade deficit rose to UDS 3.6 billion in April of 2022 from USD 2.7 billion in the corresponding month of the previous year. It was the largest monthly trade shortfall since last August, as imports jumped 21.2 percent to USD 8.6 billion. Meanwhile, exports rose at a slower 14.6 percent to USD 5 billion.
2022-05-16
Israel Trade Gap Widens in March
Israel’s trade deficit rose to UDS 3.6 billion in March of 2022 from USD 2.7 billion in the corresponding month of the previous year. It was the largest monthly trade shortfall since last August, as imports jumped 30.3 percent to a record high of USD 9.5 billion. Meanwhile, exports rose at a slower 29.1 percent to an all-time high of USD 5.9 billion.
2022-04-13