______
Previous Press Release appeared on July05, 2016.
Jerusalem, 28June2017
185/2017
Israel’s TradeBalance of ManufacturingExports and Imports
by Technological Intensity, 2016
Tables
Export and import data are presented by industry of origin, which is the economic sector to which the product belongs based on its characteristics. The division of the goods into industries was done based on their description according to the Standard Industrial Classification of AllEconomic Activities 2011[1].
Imports of Goods by Technological Intensity
In 2016, the imports of goods in manufacturingindustries(excluding diamonds)totaled52.2billion dollars (compared with 47.3 billion dollars in 2015).
A breakdown of manufactured imports by technological intensity shows that the share of imports in themedium-high technology industries in 2016 was 42.5% of all manufacturingimports. The share of imports in the high technology industries in 2016 was 23.5% of all manufacturingimports.
Imports of high technology industries totaled, in 2016, 12.2 billion dollars, an increase of 2.2% compared with2015.
Imports of medium-high technologyindustries totaled 22.2 billion dollars in 2016,anincrease of 23.0% compared with2015.Imports inthe "manufacture of motor vehicles, trailers and semi-trailers"industryand the "manufacture of machinery and equipment n.e.c" industry increased in 2016 by 45.1% and 46.4 respectively compared with 2015. Imports of goods in the "manufacture of chemicals and chemical products" industry decreased by 5.0%.
Imports of medium-lowtechnologyindustriestotaled in 2016,8.2 billion dollars, a decrease of 0.4% compared to 2015.
Imports of lowtechnologyindustriestotaled in 2016, 9.6 billion dollars, anincrease of 5.7% compared with2015.
Imports of Goods by Technological Intensity – Main Countries in 2016
Imports of high technologyindustries from the USAwere 40.5% of all manufacturing imports (excluding diamonds) from this country.Imports of medium-high technologyindustries from Germany and Belgiumwere59.9% and 60.6% of all manufacturing imports (excluding diamonds) from their countries respectively. Imports of medium-low technologyindustries from Switzerlandwere30.2% of all manufacturing imports (excluding diamonds) from this country.Imports of low technologyindustries from Chinawere31.3% of all manufacturing imports (excluding diamonds) from this country.
Exports of Goods by Technological Intensity
In 2016, manufacturing exports (excluding diamonds) totaled 43.5billion dollars (45.0 billion dollars in 2015).
A breakdownof manufacturing exports by technological intensity shows that the share of high technology industries in 2016was48.5% ofall manufacturing exports, adecrease of 1.4% compared with2015. The share of medium-high technology industries was 29.6% in 2016, adecrease of 1.6% compared to 2015.
Exports of high technologyindustriestotaled in 2016, 21.1 billion dollars, adecrease of 6.0% compared with 2015. The main decrease was recorded in exports of the "manufacture of computers, electronic and optical products" industry which decreased by 9.0%.
Exports of medium-high technologyindustriestotaled in 2016,12.9 billion dollars, compared with14.0 billion dollars in 2015. This decreasewas due mainly to adecreasein the exports in the"manufacture of chemicals and chemicals products"industry, which decreased by 13.9%.
Exports of medium-lowtechnologyindustries increasedin 2016by 17.1% and totaled 6.5 billion dollars. The main increase was recorded in exports of the"manufacture of fabricated metal products,except machinery and equipment"industry whichincreasedby 26.6%.
Exports of lowtechnologyindustriesincreased in 2016 by 1.8% compared withthe previous year and totaled 3.1 billion dollars.
Exports of Goods by Technological Intensity – Main Countries in 2016
Exports of high technologyindustriestoUnited Kingdomwere77.1% of the total manufacturing exports (excluding diamonds) tothis country.
Exports of high technologyindustriestoChinawere68.5%,exports of high technologyindustriesto theUSAwere55.1% and exports of high technology toHong Kongwere49.1%.
The Trade Balance by Technological Intensity
In 2016, the trade deficit of goods in manufacturingindustries (excluding diamonds)was 8.7 billion dollars, compared with 2.3 billion dollars in2015[2].
In 2016, the trade surplus of high technology industriesdecreased to8.9 billion dollars, compared with10.5 billion dollars in 2015 (a 15.4% decrease). The largest surplus was recorded in the "manufacture of pharmaceutical products"industry (4.7 billion dollars),with a2.3% increase compared with2015.The surplus in this industry represented52.7% of the total surplus that was recorded in the trade balance of the high technology industries.
In medium-high technology industries the trade in goods deficit increasedfrom4.0billion dollars in 2015 to 9.3 billion dollars in 2016. This increaseis due mainly to the increasein the trade deficit in the "manufacture of machinery and equipment n.e.c." and the "manufacture of motor vehicles, trailers and semi-trailers" industries which increased by 205.8% and 47.9% respectively compared with 2015.
In medium-low technology industries the trade deficit amounted to 1.7 billion dollars in 2016, a decrease of 37.2% compared with2015. This decrease is duemainly to the decrease in the trade deficit in the "manufacture of refined petroleum products" industry (29.2%).
In low technology industriesthe trade deficit totaled6.6 billion dollars, anincrease of 7.7% compared with2015. The trade deficit in the "manufacture of food products" and the "manufacture of wearing apparel"industriestotaled 2.2 and 1.5 billion dollars respectively in 2016.
Export price indices by technological intensity were published on the media release:
"Foreign Trade Price Indices - Goods - 2016".
Related links and publications Definitions and Explanations
1
Israel’s Balance of Manufacturing Exports and Importsby Technological Intensity, 2016 28/06/2017
[1]Standard Industrial Classification of All Economic Activities 2011, Central Bureau of Statistics
[2]It should be noted that the data exclude trade between Israel and the Palestinian Authority. Also, the data exclude imports and exports of services (including software services).Data regarding total exports and imports of goods and services are publishedquarterly in the balance of payments.