In 2014, the value of merchandise exports of Israel increased slightly by 3.3 percent to reach 69.0 bln US$, while its merchandise imports increased slightly by 0.5 percent to reach 72.3 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 3.4 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed North America at 10.3 bln US$ (see graph 4). Merchandise exports in Israel were diversified amongst partners; imports were also diversified. The top 17 partners accounted for 80 percent or more of exports and 14 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Israel increased substantially by 12.7 percent, reaching 30.9 bln US$, while its imports of services increased slightly by 2.5 percent and reached 21.0 bln US$ (see graph 2). There was a moderate trade in services surplus of 9.8 bln US$.

Related Subject(s): International Trade and Finance
Countries: Israel
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