Trade deficit up 39%

At this rate, trade deficit to total $8.3b. for 2005, nearly 27% wider than 2004's deficit of $6.54b.

By DANIEL KENNEMER
October 27, 2005 02:47
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Israel's trade deficit totalled $6.19 billion for the first nine months of 2005, fully 38.6 percent wider than the $4.47b. trade deficit registered in the same period last year, according to figures released by the Central Bureau of Statistics Thursday.

At this rate, the trade deficit will total $8.3b. for the whole of 2005, nearly 27% wider than 2004's deficit of $6.54b.

Be the first to know - Join our Facebook page.


In September alone, the trade deficit came to $905 million, roughly 2.4 times the $372.8m. lead held by imports in September 2004. Energy imports had more than doubled to $715m. last month, from $354.7m. the year before, while imports of consumer goods rose 22%, to $483.5m. from $396.6m. and imported raw materials rose 15% to $1.43b. from $1.24b.

September's trade deficit was nonetheless 5% narrower than that registered in August, as exports outpaced imports. CBS analysts partially attributed September's narrowing of the trade gap to changes in the value of the U.S. dollar, which rose 0.3% against the euro and the Japanese yen in September, but fell 0.8% against the pound sterling.

In the first nine months of the year, Israeli exports totalled $27.5b., or $19.4b. excluding ships, aircraft and diamonds. Manufactured goods, excluding polished diamonds, accounted for $18.6b., while agricultural produce sold abroad was valued at $779.4m. Of non-diamond manufacturing exports, 45.4% were hi-tech industrial goods, 27.4% medium-hi-tech, 18.9% medium-low-tech and 8.3% the product of low-tech industry.

Israel exported $8.1b. worth of diamonds by the end of September, 64.3% of which were polished and 35.7% rough.

Israelis imported $33.7b. in goods over the first nine months of 2005, including $12.7b. worth of raw materials, $6.95b. in diamonds (rough and polished), nearly $5.2b. in fuels, $4.8b. in investment goods (mostly machinery and equipment) and $4.05b. in consumer goods.

JPOST VIDEOS THAT MIGHT INTEREST YOU:




More about:CBS

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS