CBS: Export of goods totaled $4.3 billion in January

Port2port News Service
Feb 14, 2011

Israel's trade deficit totaled US$1.2 billion in January 2011. Import of raw materials totaled, US$2.1B. Import of durable goods, point to a rise of 37.3% by an annual rate

The Central Bureau of Statistics (CBS) reported last week that Israel's trade deficit totaled US$1.2 billion in January 2011, as export of goods totaled US$4.3 billion, and import of goods totaled US$5.5 billion.

Import of goods, in current prices, in U.S. dollars, totaled - US$5.5B. A breakdown of the data of import by use indicates that in January 2011, 38% of total imports were import of raw materials (excluding diamonds and fuels); 17% was machinery, equipment and land vehicles for investment; 15% was consumer goods; and the rest diamonds, fuels, ships and aircraft.

Import of raw materials (excluding diamonds and fuels) in January 2011 totaled US$2.1B. Trend data reveals that in November 2010-January 2011, import of raw materials point to a rise of 29.2% at an annual rate. A breakdown by groups of import of raw materials in the last three months, points to a rise of 122.2% in the import of inputs for agriculture.

Import of investment goods (excluding ships and aircraft) in January 2011 totaled US$0.9B. In November 2010-January 2011, import of investment goods rose by an annual rate of 50.0%. A breakdown by groups points that import of transport equipment for business purposes point to a rise of 67.7% in the last three months.

Import of consumer goods in November 2010 totaled $0.9B. Trend data indicates that in the last three months, import of consumer goods rise by an annual rate of 28.7%. Import of non-durable goods rose, by an annual rate of 20.3% during the last three months. Most of the rise was recorded in import of food and beverages. Import of durable goods, point to a rise of 37.3% by an annual rate.

Import of diamonds (rough and polished) in January 2011 totaled US$0.7B. During the same month in 2010 the import of diamonds totaled US$0.5B. Import of fuels (crude oil, distillates and coal) in January 2011 totaled US$0.9B a drop of 7.3% comparing to the same month of the previous year.

Export of Goods

In January 2011, manufacturing exports (excluding diamonds) constituted 73% of all export of goods. Export of diamonds constituted 23%, and the remaining 4% was agricultural exports.
Distribution of manufacturing exports by technological intensity (excluding diamonds), indicates that high technology industries (50% of total manufacture exports) totaled US$1.6B in January 2011. Trend data of exports by high technology industries points to a rise of 7.3%, at an annual rate. Breakdown by economic activity points to a rise of 81.9% in exports of electronic components.

Exports of medium-high technology industries (30% of total manufacture exports) totaled US$0.9B in January 2011. Trend data of exports by medium-high technology industries point to a rise of 24.7%, at an annual rate, in November 2010-January 2011. Breakdown by economic activity points to a rise of 48.8% in exports of chemicals (excluding pharmaceutical products).

Exports by medium-low technology industries (14% of all manufacture exports) totaled US$0.4B in January 2011. Trend data of exports by medium-low technology industries point to a rise of 21.5%, at an annual rate, in the last three months. Breakdown by economic activity points to a rise of 74.5% in exports of mining and quarrying.

Exports by low technology industries (5% of all manufacture exports) totaled US$0.2B in January 2011. Trend data of exports by low technology industries point to a drop of 2.4% at an annual rate, in November 2010-January 2011. Breakdown by economic activity points to a drop of 19.8% in exports of textiles, wearing apparel and leather products.
Export of diamonds (polished and rough) in January 2011 totaled US$1.0B (US0.9B in January 2010). Agricultural exports in January 2011 totaled US$148M (temporary data). Exports of flowers dropped, by 45.6%, at the same period.