CBS: Israel’s July Foreign Trade by Country totaled NIS 13.5 billion

The Central Bureau of Statistics (CBS) reported that in July 2014, import of goods (gross, excluding diamonds) totaled NIS 20.2 billion. 34% were imports from EU countries, 21% - from Asian countries, 14% - from USA and 31% - from Other Countries.

In July 2014, export of goods (gross, excluding diamonds) totaled NIS 13.5 billion and the trade deficit in goods (excluding diamonds) totaled NIS 6.6 billion. 29% were exports to EU countries, 22% - to Asian countries, 26% - to USA, and 23% - to Other countries.

Trade Balance January-July

The trade deficit in goods (excl. diamonds) with EU countries totaled NIS 11.0 billion (-23.9% compared to January-July 2013).

The trade deficit in goods (excl. diamonds) with Asian countries totaled NIS 8.3 billion (12.6% compared to January-July 2013).

The trade surplus in goods (excl. diamonds) with USA totaled NIS 4.6 billion compared with NIS 6.6 billion in the same period of the previous year (-31.1% compared to January-July 2013).

Import of Goods May-July

Trend data by main country groups indicates that imports from EU countries decreased by 4.6%, at an annual rate, in May-July 2014, continuing a decrease of 7.7% in February-April 2014. In January-July 2014 imports (excluding diamonds) from Ireland, Slovenia and Denmark decreased significantly.

Imports of goods from USA increased by 22.9%, at an annual rate, in May-July 2014 (1.7% monthly average), continuing an increase of 1.2% in February-April 2014.

Imports from Asian Countries increased by 3.3% in the last three months at an annual rate, continuing an increase of 14.8% in February-April 2014 at an annual rate. In January-July 2014 imports (excluding diamonds) from Jordan, Hong Kong and China increased significantly.

Imports from Other Countries decreased by 10.8% in the last three months, at an annual rate, continuing a decrease of 25.9% in February-April 2014 (-2.5% monthly average). In January-July 2014 imports (excluding diamonds) from Canada, Ukraine and Argentina decreased significantly.

Export of Goods May-July

Exports to EU countries decreased by 19.9%, at an annual rate in May-July 2014, continuing a decrease of 11.6% in February-April 2014. In January-July 2014 exports (excluding diamonds) to Belgium, Denmark, Spain and Latvia decreased significantly.

Exports to Asian Countries decreased by 3.5%, at an annual rate in the last three months, continuing a decrease of 26.9% in February-April 2014 (-2.6% monthly average). In January-July 2014 exports (excluding diamonds) to Vietnam, Taiwan and Philippines decreased significantly.

Exports to Other Countries decreased by 20.5%, at an annual rate in May-July 2014, continuing a decrease of 12.0% in February-April 2014. In January-July 2014 exports (excluding diamonds) to Ukraine, Kenya and Brazil decreased significantly. Exports to USA increased by 21.8%, at an annual rate in May-July 2014 (1.7% monthly average), continuing an increase of 6.7% in February-April 2014.