State of Israel
Media Release
[email protected] www.cbs.gov.il Fax: 02-6521340
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Previous Press Release on Foreign Trade Price Indices appeared on March 20, 2017
Jerusalem,
June 25, 2017
181/2017
Foreign Trade Price Indices - Goods - First Quarter 2017
0.5% deterioration in the terms of trade index1 (excluding ships, aircraft, fuels
and diamonds).
The first quarter of 2017
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

Import price index of fuels increased by 6.8%. This is the fourth consecutive quarter in
which this index increased.
Import price index of transport equipment for investments increased by 1.8%.
Export price index (excluding ships, aircraft and diamonds) to Asian countries increased
by 3.3%.
Tables
In the first quarter of 2017 import price indices (excluding ships, aircraft, fuels and diamonds)
increased by 0.7%, following a decrease of 1.0% in the last quarter in 2016.
Export price indices (excluding ships, aircraft and diamonds) decreased by 0.2% in the first quarter
of 2017, following a decrease of 0.2% in the last quarter of 2016.
Exports, Imports and Terms of Trade Indices
(excl. ships, aircraft, diamonds and fuels)
115
Indices 2010=100
110
105
100
95
90
I
VI
XII I
2013
XII I
2014
Exports
1
VI
VI
2015
Imports
XII I
VI
XII I
2016
Terms of trade
The terms of trade indices are calculated as the ratio of the total export price indices to the total import price indices.
Written by Yaron Marcus 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
2017
Import Price Indices
Import price indices increased by 2.2% in the first quarter of 2017 after staying unchanged in the
previous quarter.
Detailed data by import destinations point to an increase in most import components in the first
quarter of 2017. Import price index of diamonds (raw and polished) rose by 9.4%, import price
index of fuels rose by 6.8%, import price index of investment goods (excluding ships and aircraft)
rose by 1.8%, import price index of raw materials (excl. diamonds and fuels) rose by 0.6% and
import price index of consumer goods rose by 0.5%.
Import price index of raw materials (excl. diamonds and fuels) increased by 0.6% in the first
quarter of 2017, following a decrease of 1.0% in the last quarter of 2016.
Detailed data indicate that import price index of iron and steel increased by 3.6% and import price
index of non-ferrous metals increased by 2.9%.
Import price index of consumer goods increased by 0.5% in the first quarter of 2017, following a
decrease of 0.5% in the last quarter of 2016. Import price index of durable goods (furniture and
electrical equipment and transport equipment) increased by 1.3% in the first quarter of 2017,
following a decrease of 0.2% in the last quarter of 2016. Most of the increase was recorded in
import price index of transport equipment (6.4%).
However, import price index of non-durable goods (food, beverages and medicines, clothing and
footwear and house-hold utensils) decreased by 0.4% in the first quarter of 2017. Most of the
decrease was recorded in import price index of clothing and footwear (1.4%).
Import price index of investment goods (excluding ships and aircraft) increased by 1.8% in the first
quarter of 2017. Detailed data indicate that import price index of machinery and equipment (64%
of investment imports), increased by 0.2% in the first quarter of 2017 and import price index of
transport equipment for investments point to a rise of 4.7% in the first quarter of 2017.
Import price index of fuels increased by 6.8% in the first quarter of 2017. This is the fourth
consecutive quarter in which this index increased.
Import price index of diamonds (raw and polished) increased by 9.4% in the first quarter of 2017,
following a decrease of 1.1% in the last quarter of 2016.
Export Prices Indices
Export price index of goods increased by 4.4% in the first quarter of 2017 after staying unchanged
in the previous quarter.
Export price index of manufacture mining & quarrying (excl. working of diamonds) increased by
0.2% in the first quarter of 2017.
Export price index of mining and quarrying decreased by 0.7% in the first quarter of 2017,
following an increase of 1.8% in the last quarter of 2016.
Breakdown of Price Indices of Manufacture Exports, by Technological Intensity
Export price index of manufacture in high technology industries increased by 1.1% in the first
quarter of 2017, following a decrease of 0.6% in the last quarter of 2016. Detailed data by industries
point to a rise in price index of manufacture of computer, electronic and optical products exports
(1.8%) and in price index of manufacture of pharmaceutical products (1.2%). High technology
industries constitute about 48% of total manufacture exports (excl. diamonds).
Foreign Trade Price Indices in Goods, first quarter 2017
2
Publication date 25/06/2017
Export price index of manufacture in medium-high technology industries decreased by 0.7% in
the first quarter of 2017. Detailed data by industries point to a drop in price index of manufacture of
motor vehicles, trailers and semi-trailers exports (2.4%) and in price index of manufacture of
electrical equipment exports (2.0%). Medium-high technology industries constitute about 30% of
total manufacture exports (excl. diamonds).
Export price index of manufacture in medium-low technology industries increased by 0.9% in the
first quarter of 2017, following an increase of 0.5% in the last quarter of 2016. Detailed data by
industries point to a rise in price index of manufacture of refined petroleum products exports
(6.0%). Medium-low technology industries constitute about 15% of total manufacture exports (excl.
diamonds).
Export price index of manufacture in low technology industries increased by 0.4% in the first
quarter of 2017, following a decrease of 2.5% in the last quarter of 2016. Detailed data by
industries, point to a rise in price index of manufacture of furniture exports (4.1%) and in price
index of manufacture of beverages exports (1.1%). Low-technology industries constitute about 7%
of total manufacture exports (excl. diamonds).
Export price index of working of diamonds increased by 14.4% in the first quarter of 2017,
following an increase of 0.6% in the last quarter of 2016.
Price indices of agricultural, forestry and fishing exports increased by 0.5% in the first quarter
of 2017, following an increase of 1.7% in the last quarter of 2016. Export price index of growing of
non-perennial crops increased by 3.2% and export price index of growing of perennial crops
increased by 0.6%.
Price indices in goods by country groups in the first quarter of 2017
Import price index of goods (excluding ships, aircraft, and diamonds) increased by 1.4% in the first
quarter of 2017. Data according to country groups show that import price index from the USA
increased by 17.9% and import price index from EU countries increased by 8.6%. However, import
price index from the Asian countries decreased by 1.4%.
Export price index of goods (excluding ships, aircraft, and diamonds) increased, as stated, by 0.2%
in the first quarter of 2017. Data according to country groups show that export price index to Asian
countries increased by 3.3% However, export price index to EU countries decreased by 0.8% and
export price index to USA decreased by 0.7%.
Next Media Release on Israel's Foreign Trade Indices will appear on September 26, 2017.
Related links and publications
Foreign Trade Price Indices in Goods, first quarter 2017
Definitions and Explanations
3
Publication date 25/06/2017