Israel’s trade deficit during the first six months of this year was 23 percent lower than during the first half of last year, according to figures released by the Central Bureau of Statistics (CBS).
The figures showed that the trade deficit had risen by 40 percent in April-June compared with January-March this year, but the 40 percent increase was due to seasonal factors. If these were discounted, the trade deficit actually registered only a slight decrease, the CBS said.
The excess of imports over exports in April-June totalled $757 million compared with $533 million the previous quarter. Last month’s deficit was $238 million, down $6 million from June 1983. Imports in April-June totalled $2 billion, as they did in January-March, but exports fell by 18 percent last quarter.
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