State of Israel
Media Release
[email protected]
www.cbs.gov.il
Fax: 02-6521340
_____________________________________________________________________________________________________________________
Previous Press Release on Foreign Trade appeared on November 12, 2014
Jerusalem,
December 11, 2014
337/2014
Israel's Foreign Trade, Export & Import of Goods: November 2014
January-November trade deficit in goods totaled NIS 42.4 billion
Trend data on September-November 2014 (at annual rate)

Import of consumer goods continue to grow

Increase of 8.7% in export of goods
Tables
In November 2014, import of goods totaled NIS 20.5 billion, export of goods totaled NIS 18.5 billion and
the trade deficit in goods totaled NIS 2.0 billion.1
Diagram 1 - Import, export and trade deficit in goods (original data)
30000
26000
NIS Million
22000
18000
14000
10000
6000
2000
-2000
I
VI
XII I
2010
VI
XII I
2011
Imports
VI
2012
Exports
XII I
VI
2013
XII I
VI
2014
Trade deficit
Diagram's data source
January- November 2014
Export of goods as percentage of imports (excluding ships, aircraft and diamonds) constituted 76.3%
compared to 76.2% at the same period in 2013.2
Trade deficit (goods only) in the first eleven months of the year totaled NIS 3.9 billion per month, NIS 46.3
billion in annual terms. (NIS 51.3 billion in 2013 and NIS 70.4 billion in 2012).
1
The above is based on temporary data regarding goods that cleared Customs, not including trade between Israel and the Palestinian Authority.
Final data for 2014 will be published on April 2015. In addition, the data do not include import and export of services that include, among others,
software. Data on all exports and imports of goods and services are published as part of the Balance of Payments, every quarter.
2
Ratio of value of the exports value of the imports (excluding ships, aircraft and diamonds).
Written by Helen Brusilovsky- Foreign Trade Sector
For explanations and clarifications regarding the contents of this Press Release,
Please contact the Press Relations Unit, at 02-652 7845
Import of goods (excluding ship, aircraft, diamonds and fuels) decreased by 5.3% at an annual rate in
September-November 2014, according to trend data, continuing a decrease of 7.4% in June-August 2014.
Export of goods (excluding ships, aircraft and diamonds) increased by 8.7% at an annual rate according
to trend data, continuing an increase of 3.4% in June-August 2014.
Trade in goods in November 2014 was influenced by changes in the value of the NIS against other
currencies in which import and export transactions are conducted3. In November, 2014, the NIS continued
to weak in relation to most currencies traded in Israel. Compared the US Dollar the NIS weakened by
2.4%. Compared to the Euro the NIS weakened by 0.9%, compared to the Sterling Pound it weakened by
0.7% compared to the Swiss Franc it weakened by 1.4%. However, the NIS strengthened by 4.9%
compared to the Japanese Yen.
Import of Goods
Import of goods, in November 2014, totaled, as mentioned, NIS 20.5 billion. 40% of total imports were
import of raw materials (excluding diamonds and fuels); 17% were consumer goods; 13% were machinery,
equipment and land vehicles for investment; and 30% were diamonds, fuels, ships and aircraft.
Diagram 2 - Import of goods (excl.ships aircraft, diamonds and fuels)
17000
NIS Million
16000
15000
14000
13000
12000
11000
I
VI
2010
XII I
VI
XII I
VI
2011
2012
Seasonally adjusted data
XII I
VI
2013
XII I
VI
2014
Trend data
* The last 3 points are subject to substantial revisions
Diagram's data source
Trend data of imported raw materials (excluding diamonds and fuels) decreased by 4.4%, in SeptemberNovember 2014, at an annual rate continuing a decrease of 7.4% in June-August 2014. A breakdown by
groups points that import of agricultural raw materials decreased by 59.4% in September-November
2014, at an annual rate. Import of raw food products decreased by 19.9% in September-November
2014, at an annual rate and import of iron and steel products decreased by 18.3% at an annual rate.
Trend data of import of investment goods (excluding ships and aircraft) decreased by 12.7%, at an
annual rate, in September-November 2014 continuing a decrease of 22.1% in June-August 2014. Import of
machinery and equipment (62% of investment imports) decreased by 7.3% at an annual rate. Import of
vehicles for investment decreased by 10.6%, at an annual rate.
Trend data of import of consumer goods increased by 4.1% at an annual rate in September-November
2014, continuing an increase of 3.7% in June-August 2014.
2 Source: Bank of Israel
Israel's Foreign Trade in Goods - November 2014
2
11/12/2014
Import of durable goods (furniture, electrical equipment and transport equipment) increased by 6.1%, at
an annual rate, in September-November 2014. Most of the increase was recorded in import of furniture
and electrical equipment that increased by 6.0% at an annual rate. Import of non-durable goods
(medicines, food and beverages, and clothing and footwear) increased by 2.5% at an annual rate, in the
last three months.
Import of diamonds (net, rough and polished) in January-November 2014 totaled NIS 27.4 billion
compared to NIS 26.6 billion in the same period of 2013.
Import of fuels (crude oil, distillates and coal) in January-November 2014 totaled NIS 42.6 billion, a
decrease of 13.3% compared to the same months in 2013.
Export of Goods
Export of goods totaled – as mentioned –, NIS 18.5 billion in November 2014. Manufacturing, mining and
quarrying exports (excluding diamonds) constituted 79% of all export of goods. Export of diamonds
constituted 19%, and the remaining were agriculture, forestry and fishing exports.
Diagram 3 - Export of goods (excl.diamonds)
17000
NIS Millions
16000
15000
14000
13000
12000
11000
I
VI
XII I
2010
VI
XIII
VI
2011
XII I
2012
Seasonally adjusted data
VI
2013
XII I
VI
2014
Trend data
* The last 3 points are subject to substantial revisions
Diagram's data source
Trend data of manufacturing, mining and quarrying exports (excl. diamonds) increased by 7.5%, at an
annual rate, in September-November 2014, continuing an increase of 3.2% in June-August 2014.
Trend data of manufacture exports, by technological intensity
Trend data of exports by high technology industries (42% of total manufacturing exports excl.
diamonds) increased by 9.6%, at an annual rate, in September-November 2014, after a decrease of 3.2%
in June-August 2014. Breakdown by economic activity shows that export of manufacture of electronic
components and boards increased by 41.6%.
Trend data of exports by medium-high technology industries (37% of total manufacturing exports)
increased by 11.8%, at an annual rate, in September-November 2014, continuing an increase of 11.6% in
June-August 2014. Breakdown by economic activity shows that export of manufacture of chemical and
chemical products increased by 8.0% at an annual rate.
Trend data of exports by medium-low technology industries (14% of total manufacture exports)
decreased by 2.5% at an annual rate, in the last three months after an increase of 22.3%, in June-August
2014. Breakdown by economic activity shows that export of manufacture of rubber and plastic products
decreased by 10.8% at an annual rate.
Israel's Foreign Trade in Goods - November 2014
3
11/12/2014
Trend data of exports by low technology industries (7% of total manufacture exports) increased by
4.1% at an annual rate, in September-November 2014 after a decrease of 1.8% in June-August 2014.
Breakdown by economic activity shows that export of manufacture of food products, beverages and
tobacco products increased by 7.6% at an annual rate.
Diagram 4 - Manufacturing Exports by Technological Intensity
High Technology Industries
Medium -high Technology Industries
5900
8000
5400
7000
NIS Milion
NIS Milion
7500
6500
6000
4900
4400
5500
3900
5000
3400
4500
I
VI
XIII
2010
VI
XIII
2011
VI
XIII
2012
VI
XIII
2013
I
VI
VI
Medium -low Technology Industries
VI
XIII
2011
VI
XIII
2012
VI
XIII
2013
VI
2014
Low Technology Industries
2400
1050
2200
1000
NIS Milion
2000
NIS Milion
XIII
2010
2014
1800
950
900
1600
850
1400
1200
800
I
VI
2010
XIII
VI
2011
XIII
VI
XIII
2012
VI
2013
XIII
VI
I
2014
VI
2010
XIII
VI
2011
XIII
VI
2012
XIII
VI
2013
XIII
VI
2014
Diagrams data source
Export of diamonds (net, polished and rough), in January-November 2014, totaled NIS 32.4 billion.
Agricultural, forestry and fishing exports in January-November 2014 totaled NIS 4.4 billion (original
data) - a decrease of 10.5% compared to the same period in 2013. Export of growing of flowers
decreased by 13.5% at the same period.
Next Press Release on Israel's Foreign Trade in Goods will appear on January 13, 2015.
Related links and publications
Definitions and Explanations
Israel's Foreign Trade in Goods - November 2014
4
11/12/2014