Israel's trade deficit fell to NIS 51.7 billion in 2013 from NIS 70.4 billion in 2012 and NIS 52.2 billion in 2011, the Central Bureau of Statistics reported today. Exports of goods (excluding ships, planes, and diamonds) amounted to 76% of imports in 2013, compared with 70.9% in 2012 and 75.4% in 2011.
Imports of goods totaled NIS 256.3 billion in 2013 and exports totaled NIS 204.6 billion.
Imports of goods fell 8% to NIS 256.3 billion in 2013 from NIS 278.4 billion in 2012. Imports (excluding ships, aircraft, diamonds and fuels) were 7.3% lower in 2013 than in 2012.
Import of fuels totaled NIS 52.6 billion in 2013, 15.1% less than in 2012, mainly due to the start of natural gas production at Tamar. Imports of investment foods were 16.5% lower in 2013 than in 2012.
Exports totaled NIS 204.6 million in 2013, 1.6% less than in 2012. Export of goods (excluding ships, aircraft and diamonds) totaled NIS170.7 billion in 2013, down 4.7% from 2012.
Published by Globes [online], Israel business news - www.globes-online.com - on January 13, 2014
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