FX.co ★ Israel Trade Gap Widens as Imports Surge

Israel's trade deficit experienced a notable increase in April 2025, reaching USD 3.64 billion, a significant rise from the USD 2.18 billion recorded in the same month the previous year. This surge was primarily driven by a 15.8% increase in imports, which climbed to USD 7.76 billion. There were robust increases in consumer goods (up 21.2%), raw materials (up 24.8%), investment goods (up 31.1%), and a marked rise in purchases of ships and aircraft (up 534.3%). Conversely, fuel imports saw a significant reduction of 33.8%. During this period, exports fell by 8.8%, totaling USD 4.12 billion, due to downturns in the manufacturing and mining sectors (down 11.9%) and agricultural goods (down 12.6%). From January to April 2025, the trade deficit expanded to USD 11.63 billion, compared to the USD 9.87 billion reported in the corresponding period of the previous year.