Israel Trade Deficit widens in March
In March 2025, Israel experienced an expansion in its trade deficit, reaching USD 2.87 billion, compared to USD 2.48 billion in March of the prior year. This increase reflects the economy's augmented acquisition of foreign goods. Import levels surged by 6.5% from the previous year, totaling USD 8.32 billion. This growth was primarily propelled by a rise in acquisitions of investment goods (14.8%), consumer goods (8.6%), and raw materials (10.1%), despite a reduction in fuel purchases by 6.5%. Conversely, exports climbed at a more moderate pace, seeing a year-on-year increase of 2.2% to USD 5.45 billion. This growth was largely driven by heightened sales in the working of diamonds sector (5.3%), along with manufacturing, mining, and quarrying sectors, excluding working diamonds, which noted an increase of 3.3%.
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