State of Israel
Media Release
[email protected]
www.cbs.gov.il
Fax: 02-6521340
_____________________________________________________________________________________________________________________
Previous Press Release on Foreign Trade Price Indices appeared on December 21, 2016
Jerusalem,
March 20, 2017
080/2017
Foreign Trade Price Indices -Goods- 2016
0.5% deterioration in the terms of trade index1 (excluding ships, aircraft, fuels
and diamonds).
In 2016

0.5% deterioration in the terms of trade index (excluding ships, aircraft, fuels
and diamonds), after an improvement of 2.6% in 2015.
 Import price indices decreased by 4.2%, continue to fall the fifth consecutive
year.
 Export price indices decreased by 2.5%, continuing a decrease of 4.9% in 2015.
In the last quarter of 2016

Export price index (excluding ships, aircraft and diamonds) to USA continue to
rise the third consecutive quarter.
Tables
The import price indices2 (excluding ships, aircraft, fuels and diamonds), decreased by 2.1% in
2016, continuing a decrease of 8.1% in 2015.
The export price indices (excluding ships, aircraft and diamonds), decreased by 2.6% in 2016,
continuing a decrease of 5.6% in 2015.
Exports, Imports and Terms of Trade Indices
(excl. ships, aircraft, diamonds and fuels)
115
Indices 2010=100
110
105
100
95
90
I
VI
2012
XII I
VI
2013
Exports
XII I
VI
2014
Imports
XII I
VI
XII I
2015
VI
XII
2016
Terms of trade
1
The terms of trade indices are calculated as the ratio of the total export price indices to the total import price indices.
It should be noted that the foreign trade price indices are calculated in U.S. dollars, so they are also affected by changes in the value of
the dollar against other currencies in which transactions of imports and exports of goods are conducted.
Imports are valued c.i.f., and exports are valued f.o.b.
This information was provided by the Central Bureau of Statistics, based on preliminary data on goods that passed through Customs.
Data do not include trade and defense imports between Israel and the Palestinian Authority. Also, data do not include exports and
imports indices of services including exports of software services.
2
Written by Ella Ragatsky and Shimon Vinokur - Foreign Trade Sector
For explanations and clarifications regarding the contents of this Press Release,
Please contact the Press Relations Unit, at 02-652 7845
As a result of a higher decrease in the export price indices compared to import price indices there
was a deterioration of 0.5% in 2016 terms of trade index (excluding ships, aircraft, fuels and
diamonds), after an improvement of 2.6% in 2015.
Import Price Indices
Import price indices decreased by 4.2% in 2016, It should be noted that is the fifth consecutive year
in which there were price reductions.
Detailed data by import destinations show that in 2016 price import indices of fuels fell by 17.1%,
import price index of diamonds decreased by 4.9%, import price index of raw materials (excl.
diamonds and fuels) decreased by 3.8%, import price index of consumer goods decreased by
0.4%. However, import price index of investment goods (excluding ships and aircraft) increased by
0.5%.
Import price index of raw materials (excl. diamonds and fuels) fall by 3.8% in 2016, continuing a
decrease of 9.8% in 2015. Detailed data indicate that import price index of iron and steel decreased
by 9.1%, import price index of nom-ferrous metals decreased by 8.9%, import price index of rubber
and plastics decreased by 7.3% and import price index for agriculture inputs decreased by 6.5%.
Import price index of consumer goods decreased by 0.4% in 2016, continuing a decrease of 5.5%
in 2015.
Import price index of non-durable goods (food, beverages and medicines, clothing and footwear
and house-hold utensils) decreased by 1.2% in 2016, continuing a decrease of 6.2% in 2015. Most
of the decrease was recorded in import price index of house-hold utensils (-2.5%) and in price
indices of imports of clothing and footwear (-1.0%).
Import price index of durable goods (furniture and electrical equipment and transport equipment)
increased by 0.7% in 2016, after a decrease of 4.6% in 2015. Most of the increase was recorded in
import price index of transport equipment (4.4%).
Import price index of investment goods (excluding ships and aircraft) increased by 0.5% in 2016,
after a decrease of 6.6% in 2015. Detailed data indicate that import of transport equipment
increased by 3.4%, after a decrease of 7.6% in 2015. However, Machinery and equipment price
index (66% of investment imports), decreased by 0.8%, continuing a decrease of 6.1% in 2015.
Import price index of fuels decreased by 17.1% in 2016, It should be noted that is the fifth
consecutive year in which there were price reductions.
Import price index of diamonds decreased by 4.9% in 2016, continuing a decrease of 7.7% in
2015.
Export Prices Indices
Export price index of goods decreased by 2.5% in 2016, continuing a decrease of 4.9% in 2015.
Export price index of manufacture mining & quarrying (excl. working diamonds) decreased by
2.6% in 2016, continuing a decrease of 5.8% in 2015.
.
Export price index of mining and quarrying decreased by 8.0% in 2016.
Export price index of manufacture (excluding mining & quarrying and working diamonds)
decreased by 2.6% in 2016, continuing a decrease of 5.8% in 2015.
Foreign Trade Price Indices in 2016
2
Publication date 20/03/2017
Breakdown of Price Indices of Manufacture Exports, by Technological Intensity
Export price index of manufacture in high technology industries increased by 0.5% in 2016,
continuing an increase of 1.1% in 2015. Detailed data by industries point to a rise in price index of
manufacture of computer, electronic and optical products exports (1.0%) and in price index of
manufacture of air and spacecraft and related machinery exports (0.6%). However, price index of
manufacture pharmaceutical products export decreased by 0.9%. High technology industries
constitute about 50% of total manufacture exports (excl. diamonds).
Export price index of manufacture in medium-high technology industries decreased by 6.5% in
2016, It should be noted that is the fourth consecutive year in which there were price reductions.
Detailed data by industries, point to a decrease in price index of manufacture of chemical and
chemical products export (-10.8%) and in price index of manufacture of motor vehicles, trailers
and semi-trailers export (-3.2%). Medium-high technology industries constitute about 31% of total
manufacture exports (excl. diamonds).
Export price index of manufacture in medium-low technology industries decreased by 4.6% in
2016, It should be noted that is the fifth consecutive year in which there were price reductions.
Detailed data by industries point to a decrease in price index of refined petroleum products
exports (-11.8%), price index manufacture of basic metal products export (-9.0) and in price index
of manufacture of rubber and plastic products exports (-3.8%). Medium-low technology industries
constitute about 12% of total manufacture exports (excl. diamonds).
Export price index of manufacture in low technology industries decreased by 2.8% in 2016, It
should be noted that is the fourth consecutive year in which there were price reductions. Detailed
data by industries, point to a decrease in price index manufacture of furniture exports (-7.7%) and
in price index manufacture of textiles exports (-4.7%). Low-technology industries constitute about
7% of total manufacture exports (excl. diamonds).
Export price index of working of diamonds decreased by 1.4% in 2016, continuing a decrease of
2.2% in 2015.
Price indices of agricultural, forestry and fishing exports decreased by 4.0% in 2016,
continuing a decrease of 5.1% in 2015. Export price index of growing of perennial crops decreased
by 7.6% and export price index of growing of non-perennial crops decreased by 3.3% in 2016.
Changes in the foreign trade prices (goods) by country groups in 2015
Import price index of goods, as stated, decreased by 4.1% in 2016. Detail according to country
groups shows that import price index from Asian countries decreased by 5.3% in 2016, continuing
a decrease of 5.3% in 2015. However, Import price index from USA increased by 13.3% in 2016,
after a decrease of 3.0% in 2015. Import price index from EU countries remained unchanged in
2016.
Export price index, as stated, decreased by 2.6% in 2016. Detail according to country groups shows
that export price index to EU countries decreased by 3.4% in 2016, continuing a decrease of
13.1% in 2015. Export price index to Asian countries decreased by 0.4% in 2016. However, export
price index to USA increased by 1.2% in 2016.
Foreign Trade Price Indices in 2016
3
Publication date 20/03/2017
Changes in the foreign trade price indices (goods) in the fourth quarter of 2016
The following findings relate to the development of price indices in the last quarter of 2016.
The import price indices (excluding ships, aircraft, fuels and diamonds), decreased by 1.0% in the
last quarter of 2016, after an increase of 0.2% in third quarter of 2016.
Detailed data by import destinations groups show that in the last quarter of 2016 import price
indices dropped in most import destination groups. Price import indices of investment goods
decreased by 1.4%, import price index of diamonds decreased by 1.1%, import price index of raw
materials (excl. diamonds and fuels) decreased by 1.0% and import price index of consumer
goods decreased by 0.5%. However, price indices of fuels increased by 6.8%
The price indices of export of goods (excluding ships, aircraft and diamonds), decreased by
0.2% in the last quarter of 2016.
Detailed data according to technological intensity point to a drop of 2.5% in export price indices of
manufacture in low technology industries and a decrease of 0.6% in export price indices of
manufacture of high technology industries. However, an increase of 0.5% in export price indices
of manufacture in medium-low technology industries. Price indices of medium-high technology
industries remained unchanged.
Export price indices of working of diamonds increased by 0.6% in the last quarter of 2016 and
export price indices of wholesale of diamonds increased by 1.6% in the last quarter of 2016.
Export price indices of agricultural, forestry and fishing increased by 1.7% in the last quarter of
2016. This increase reflects an increase in export price index of growing of non-perennial crops
(7.2%).
Detailed data by import country groups (excluding ships, aircraft and diamonds) show that in the
last quarter of 2016 import price index from USA decreased by 1.7%. However, import price index
from EU countries increased by 0.2% and import price index from Asian countries remained
unchanged.
Detailed data by export country groups (excluding ships, aircraft and diamonds) show that in the
last quarter of 2016 export price index to Asian countries decreased by 1.7% and export price
index to EU countries decreased by 1.3%. However, export price index to USA increased by 2.1%
in the last quarter of 2016.
Next Media Release on Israel's Foreign Trade Indices will appear on June 25, 2017.
Related links and publications
Foreign Trade Price Indices in 2016
Definitions and Explanations
4
Publication date 20/03/2017