Israel’s trade deficit widened to USD 3.14 billion in January 2026, up from USD 2.8 billion in the same month a year earlier. Exports rose by 11.4% year-on-year to USD 5.1 billion, driven mainly by higher sales in manufacturing, mining, and quarrying excluding polished diamonds (10.4%), as well as in agriculture, forestry, and fishing (33.1%), wholesale trade in diamonds (9.7%), and polished diamonds (5.9%).
Imports increased by 11.7% year-on-year to USD 8.2 billion, reflecting stronger purchases of raw materials (6.2%), consumer goods (17.3%), investment goods (48%), and both rough and polished diamonds (8.5%). By contrast, fuel imports fell by 19%.
