Exports fell steeply between February and April as the trade deficit widened.
The trade deficit in goods (excluding ships, airplanes, diamonds, and energy materials) since the beginning of the year totals NIS 8.6 billion, according to foreign trade figures for Israel published today by the Central Bureau of Statistics. The figures show continuation of the slowdown in exports of goods from Israel, which were down 21.7% in January-February, following an annualized 13.7% decline in November 2015-January 2016.
The figures also indicate that the trade deficit widened to NIS 13.4 billion in January-April 2016, compared with a NIS 6.6 billion deficit during the corresponding period last year.
The figures further show that imports excluding ships, airplanes, diamonds, and energy materials, grew by an annualized 0.1% in February-April 2016, following 5% growth in November 2015-January 2016.
Published by Globes [online], Israel business news - www.globes-online.com - on May 10, 2016
© Copyright of Globes Publisher Itonut (1983) Ltd. 2016
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