BREAKING NEWS

Exports rise despite strong shekel

By GLOBES CORRESPONDENT

FEBRUARY 10, 2011 22:38

Israel’s trade deficit totaled $1.2 billion in January, based on $4.3b. in exports and $5.5b. in imports, the Central Bureau of Statistics reported Thursday. In seasonally adjusted terms, imports (excluding diamonds, fuel, ships and planes) increased in most categories. Exports (excluding diamonds) rose an annualized 16.8 percent in the November-January period, after falling 4.3% in August-October.

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.

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