Israel's trade deficit totaled $1.2 billion in January 2011, as export of goods totaled $4.3 billion, and import of goods totaled $5.5 billion, the Central Bureau of Statistics reported today.
In seasonally-adjusted trend figures, imports (excluding diamonds, fuel, ships, and planes) increased in most categories.
Exports (excluding diamonds) rose by an annualized 16.8% in trend figures in November 2010-January 2011, after falling by an annualized 4.3% in August-October.
Israel's foreign trade in January was partly affected by changes in the exchange rate of the dollar against other currencies involving import and export transactions. The dollar weakened against most currencies in January, including 1% against the euro, 1.2% against the Swiss franc, 0.8% against the pound sterling, and 0.7% against the Japanese yen. The shekel strengthened 0.5% against the dollar during the month.
Published by Globes [online], Israel business news - www.globes-online.com - on February 10, 2011
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