Merchandise Trade Balance in Israel
Israel's merchandise trade balance averaged a deficit of USD 12.9 billion in the decade leading to 2022. In 2022, the deficit increased to USD 26.1 billion. For more trade information, visit our dedicated page.
Israel Trade Chart
Note: This chart displays Trade Balance (USD billion) for Israel from 2020 to 2019.
Source: Macrobond.
Israel Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -15.3 | -11.4 | -21.7 | -26.1 | -20.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Israeli trade projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Israeli trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Israeli trade projections.
Want to get access to the full dataset of Israeli trade forecasts? Send an email to info@focus-economics.com.