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Exports to Asia increase by 23% in 2019, new report shows

Central Bureau of Statistics says Israeli exports to Asia grew by 23.5% between March and May 2019, while imports from the continent dropped by 17.1%. Imports of goods from the EU comprised 41%, whereas 14% of imports were of US origin.

by  Zeev Klein
Published on  06-20-2019 15:02
Last modified: 06-20-2019 22:19
Exports to Asia increase by 23% in 2019, new report showsHerzl Shapira

Haifa Port | Photo: Herzl Shapira

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Israeli exports of goods to Asia grew by 23.5% between March and May 2019, while imports from the continent dropped by 17.1%, the Central Bureau of Statistics said on Wednesday in a new report.

According to the report, EU countries accounted for 41% of imports, whereas 14% of imports were of US origin. Imports from Asia accounted for 23% and 22% were from the rest of the world.

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Israel's trade deficit stood at 7.2 billion shekels ($2 billion) for that period, the report said.

For the period of January to May 2019, Israel's trade deficit stood at 8.6 billion shekels ($2.4 billion), compared to 3.2 billion shekels ($890 million) in the comparable period in 2018.

Tags: AsiaCBSChinaEconomyEUexportsIsraelTrade

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