Export of goods, excluding diamonds, rose by an annualized 11.3% in May-July, after falling by an annualized 15.9% in February-April, the Central Bureau of Statistics reported today. Exports to the US rose by an annualized 25.1% in May-July, after falling by an annualized 9.6% in February-April, while exports to Asian countries rose by an annualized 20.2%, after falling by an annualized 21.8% in three preceding months.
Exports to the EU, was the exception to the growth trend, falling by a further annualized 7.2% in May-July, after falling by 43.5% in February-April. Exports to the rest of the world rose by an annualized 5.7% in May-July, after falling by an annualized 21.6% in February-April.
Israel's trade deficit, excluding diamonds, fell $3.6 billion in January-July from $8.4 billion in the corresponding months of 2008. Export of goods, excluding diamonds, totaled $19.5 billion in January-July 2009, and imports, excluding diamonds, totaled $23.1 billion.
The breakdown of Israel's trade balances, excluding diamonds, in January-July by region is as follows: US a trade surplus of $3.1 billion, up from $2.7 billion in the corresponding months of last year; EU - a deficit of $2.8 billion; Asia - a deficit of $2 billion; and the rest of the world - a deficit of $2 billion.
The breakdown of Israel's trading partners, excluding diamonds, in January-July by region is as follows: EU - 37% of imports and 30% of exports; US - 14% of imports and 32% of exports; Asia - 21% of imports and 15% of exports; the rest of the world - 28% of imports and 23% of exports.
Imports of goods, excluding fuel, diamonds, ships, and planes, fell by an annualized 5.4% in May-July, after falling 37.1% in February-April.
Published by Globes [online], Israel business news - www.globes-online.com - on August 19, 2009
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