Since 1959, Israel has experienced trade deficits, which are mostly owing to a scarcity of natural resources. Oil and other mineral fuels, as well as uncut diamonds, are among Israel’s most important imports. Cut diamonds, pearls, and other valuable metals and stones, as well as electrical machinery and equipment, mechanical machinery and appliances, and electronic products, are among the country’s most important exports. The United States is Israel’s most important trading partner (28% of total exports and 12% of imports). Hong Kong, China, Belgium, the Netherlands, Germany, and the United Kingdom are among the other commercial partners.
A higher than expected figure should be seen as positive (bullish) for the ILS while a lower than expected figure should be seen as negative (bearish) for the ILS.
