On the rise: This is how Israel’s foreign trade ended in October

The Central Bureau of Statistics published today (Thursday) Israel’s foreign trade data for October, which show that the trade deficit in goods amounted to NIS 10.2 billion. It also shows that exports amounted to NIS 16.6 billion, while imports amounted to NIS 26.8 billion.

According to the trend data for the months of August-October, there was a 16.8% increase in exports of technology industries. There was also a 29.1% increase in raw material imports.

Import and export data in October 2021 (Photo: CBS spokeswoman)

In August-October 2021, exports of goods (excluding ships, aircraft and diamonds) increased, according to trend data, by 8.0% on an annualized basis. This, following a 19.9% ​​increase in the annual calculation from May to July 2021. In August-October 2021, imports of goods increased according to the trend data, by 6.4% on an annual basis. This, following a 24.0% increase in the annual calculation from May to July 2021 (an increase of 1.8% on average per month).

Exports of goods in October 2021 amounted, as stated, to NIS 16.6 billion. 87% of this amount was industrial exports, mining and quarrying (excluding diamonds), 12% diamond exports and 1% agricultural exports, forestry and fishing. Industrial exports, which include mining and quarrying (excluding diamonds) increased during this period by 6.5% on an annual basis. This, following an increase of 18.2% in annual calculation, in the months of May – July 2021.

Source: Maariv.co.il – כלכלה בארץ by www.maariv.co.il.

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