International Merchandise Trade Statistics: Trade Balance: Commodities for Israel
XTNTVA01ILA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-33,662,230,000.00
Year-over-Year Change
89.76%
Date Range
1/1/1988 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Israel measures the difference between Israel's exports and imports of goods. This metric provides insight into Israel's trade dynamics and economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trade balance statistic tracks the net flow of physical goods moving in and out of Israel's borders. It is a key indicator used by economists and policymakers to assess Israel's international trade position, competitiveness, and integration with the global economy.
Methodology
The data is collected and reported by Israel's Central Bureau of Statistics based on customs declarations and other administrative sources.
Historical Context
Trade balance figures are closely monitored by Israel's government, central bank, and financial markets to inform economic and trade policies.
Key Facts
- Israel runs a consistent trade deficit in goods.
- Commodity exports account for over 80% of Israel's total exports.
- Trade balance data is released monthly by Israel's statistical agency.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance: Commodities for Israel tracks the difference between Israel's exports and imports of physical goods and commodities.
Q: Why is this trend relevant for users or analysts?
A: This trade balance metric provides key insights into Israel's international trade position, economic competitiveness, and integration with global markets.
Q: How is this data collected or calculated?
A: The data is collected by Israel's Central Bureau of Statistics based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Trade balance figures are closely monitored by Israel's government, central bank, and financial markets to inform economic and trade policies.
Q: Are there update delays or limitations?
A: The trade balance data is released monthly by Israel's statistical agency with minimal delay.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Israel (XTNTVA01ILA667S), retrieved from FRED.