State of Israel Media Release info@cbs.gov.il www.cbs.gov.il Fax: 02-6521340 _____________________________________________________________________________________________________________________ Previous Press Release appeared on June 30, 2014. Jerusalem, 10 July 2015 173/2015 Israel’s Balance of Manufacturing Exports and Imports by Technological Intensity, 2014 In 2014 The deficit in the balance of manufacturing goods (excluding diamonds), totaled 4.2 billion dollars, compared to 3.8 billion dollars in 2013. The deficit in the balance of the trade in goods in the manufacture of motor vehicles, trailers and semi-trailers industry reached a peak and totaled 5.2 billion dollars. The surplus in the trade in goods of high technology industries totaled 8.1 billion dollars, a decrease of 16.4% compared to 2010. Tables Export and import data are presented by industry of origin, meaning: the classification was done by the economic industry to which the product pertains by its character. The division of the goods into industries was done based on the description of the goods in the goods classification and not based on the exporter's/ importer's industry. The definition of the industries is based on the classification of economic activities prepared by the CBS1. 1 Standard Industrial Classification of All Economic Activities 2011, Central Bureau of Statistics Written by Shimon Vinokur - Foreign Trade Sector For explanations and clarifications regarding the contents of this press release, Please contact the Press Relations Unit, at 02-652 7845 Imports of Goods by Technological Intensity Distribution of Manufacturing Imports, by Technological Intensity 18.7% 17.6% 16.6% 18.1% 18.8% 18.9% 19.7% 22.7% 21.5% 19.3% 39.3% 40.8% 39.4% 38.2% 38.9% 23.0% 21.8% 21.3% 22.2% 23.0% 101 100 10 10 10 Low-technology industries Medium-high technology industries Medium-low-technology industries High-technology industries Diagram's Data In 2014, manufacturing imports (excluding diamonds) totaled 51.0 billion dollars (49.9 billion dollars in 2013). The distribution of manufacturing imports by technological intensity shows that the share of medium-high technology industries in 2014 was 38.9% from total manufacturing imports and the share of high technology industries in 2014 was 23.0% from total manufacturing imports. Manufacturing Imports, by Technological Intensity 27,000 24,000 Million $ 21,000 18,000 15,000 12,000 9,000 6,000 3,000 2010 2011 2012 High-technology industries Medium-low-technology industries 2013 2014 Medium-high technology industries Low-technology industries Diagram's Data 2 Israel’s Balance of Manufacturing Exports and Imports by Technological Intensity, 2014 01/07/2015 Imports of High Technology totaled, in 2014, 11.7 billion dollars, an increase of 5.7% compared to 2013 and an increase of 25.1% compared to 2010. Imports from the manufacture of air and spacecraft and related machinery industry increased by 29.1%, imports from the manufacture of pharmaceutical products industry increased by 5.6% and imports from the manufacture of computers, electronic and optical products industry increased by 2.7% compared to 2013. Imports of Medium-high Technology totaled in 2014, 19.8 billion dollars, an increase of 4.0% compared to 2013. Imports from the manufacture of other transport equipment (excl. building of ships and boats, air, spacecraft and related machinery) industry increased by 42.6% in 2014 and imports from the manufacture of motor vehicles, trailers and semi-trailers industry increased by 12.1% compared to the previous year. Imports of Medium-low Technology totaled in 2014, 9.9 billion dollars, a decrease of 8.1% compared to 2013, due mainly to a decrease of 18.1% in imports from the manufacture of refined petroleum products industry compared to the previous year. Imports of Low Technology totaled in 2014, 9.6 billion dollars, an increase of 6.2% compared to 2013 and an increase of 25.7% compared to 2010. Imports from the manufacture of wearing apparel industry increased by 8.7% and imports from the manufacture of food products increased by 2.7% compared to 2013. Exports of Goods by Technological Intensity Distribution of Manufacturing Exports, by Technological Intensity 7.0% 6.8% 6.8% 6.3% 6.7% 12.6% 13.2% 13.6% 13.1% 13.9% 33.3% 35.3% 34.9% 36.9% 37.0% 47.1% 44.7% 44.7% 43.7% 42.4% 101 100 10 10 10 Low-technology industries Medium-high technology industries Medium-low-technology industries High-technology industries Diagram's Data 3 Israel’s Balance of Manufacturing Exports and Imports by Technological Intensity, 2014 01/07/2015 In 2014, manufacturing exports (excluding diamonds) totaled 46.7 billion dollars (46.1 billion dollars in 2013). The distribution of manufacturing exports by technological intensity shows that the share of high technology industries in 2014 was 42.4% from total manufacturing exports, a decrease of 4.7% compared to 2010. The share of medium-high technology industries was 37.0% in 2014, an increase of 3.7% compared to 2010. Manufacturing Exports, by Technological Intensity 23,000 21,000 19,000 Million $ 17,000 15,000 13,000 11,000 9,000 7,000 5,000 3,000 1,000 2010 2011 2012 High-technology industries Medium-low-technology industries 2013 2014 Medium-high technology industries Low-technology industries Diagram's Data Exports of High Technology totaled in 2014, 19.8 billion dollars, a decrease of 1.5% compared to 2013. The main decrease was recorded in exports of the manufacture of air and spacecraft and related machinery industry which decreased by 9.1% and exports of the manufacture of computers, electronic and optical products industry which decreased by 2.4%. However, exports of the manufacture of pharmaceutical products increased by 2.7% and totaled 6.5 billion dollars. Exports of Medium-high Technology totaled in 2014, 17.3 billion dollars, compared to 17.0 billion dollars in 2013. The increase is due mainly to the increase of 342 million dollars (10.9%) in the exports of the Manufacture of machinery and equipment n.e.c. industries. The share of exports of medium-high technology was 37.0% in 2014, a decrease of 3.7% compared to 2010. Exports of Medium-low Technology increased in 2014 by 7.9% 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 which increased by 22.4%. 4 Israel’s Balance of Manufacturing Exports and Imports by Technological Intensity, 2014 01/07/2015 Exports of Low Technology increased in 2014 by 7.2% compared to the previous year and totaled 3.1 billion dollars. The main increase was recorded in exports of the Manufacture of textiles industry, which increased by 12.1%. The Commercial Balance Sheet, by Technological Intensity In 2014, the deficit in the balance of manufacturing goods (excluding diamonds) was 4.2 billion dollars, an increase of 10.5% compared to 2013. It should be noted that the data exclude the trading 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 published in the balance of payments every quarter. In 2014, the trade surplus of high technology industries totaled 8.1 billion dollars, compared to 9.1 billion dollars in 2013. The largest surplus was recorded in the manufacture of pharmaceutical products industry (4.3 billion dollars), an increase of 1.2% compared to 2013. The surplus in this industry represented 52.4% from the total surplus that was recorded in the balance of high technology industries. Balance of Manufacturing Exports and Imports, by Technological Intensity 14,000 10,500 Million $ 7,000 3,500 0 -3,500 -7,000 -10,500 2010 2011 2012 High-technology industries Medium-low-technology industries 2013 2014 Medium-high technology industries Low-technology industries Diagram's Data In medium-high technology industries, the trade in goods deficit increased by 22.2% compared to 2013, and totaled 2.5 billion dollars. This increase is due mainly to the increase of 12.2% compared to 2013, in the trade deficit in the manufacture of motor vehicles, trailers and semi-trailers industry. 5 Israel’s Balance of Manufacturing Exports and Imports by Technological Intensity, 2014 01/07/2015 In medium-low technology industries, the trade deficit amounted to 3.3 billion dollars in 2014, a decrease of 28.8% compared to 2013. This decrease is due mainly to the decrease in the deficit in the manufacture of refined petroleum products industry (15.2%), caused by the decline in world prices of energy products. In low technology industries, the deficit totaled 6.5 billion dollars, an increase of 5.8% in the deficit compared to 2013. The trade deficit in the manufacture of food products industry totaled 2.0 billion dollars and the deficit in the manufacture of wearing apparel industry totaled 1.5 billion dollars in 2014. Export price indices by technological intensity were published on the media release: "Foreign Trade Price Indices - Goods - 2014". Related links and publications Definitions and Explanations 6 Israel’s Balance of Manufacturing Exports and Imports by Technological Intensity, 2014 01/07/2015