Israeli exports of goods to Asia grew by 23.5% between March and May 2019, while imports from the continent dropped by 17.1%, the Central Bureau of Statistics said on Wednesday in a new report.
According to the report, EU countries accounted for 41% of imports, whereas 14% of imports were of US origin. Imports from Asia accounted for 23% and 22% were from the rest of the world.
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Israel's trade deficit stood at 7.2 billion shekels ($2 billion) for that period, the report said.
For the period of January to May 2019, Israel's trade deficit stood at 8.6 billion shekels ($2.4 billion), compared to 3.2 billion shekels ($890 million) in the comparable period in 2018.
