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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael Balance of Trade fell to -4,213.6M in June 2026
FMPMonthlyReleased July 2026
Israel Balance of Trade fell to -4,213.6M in June 2026, released July 2026, down 42M from May's -4,171.6M reading. The reading missed the -3,900M consensus by 313.6M. The print is running well below the 12-month average of -3,477.8M. Over the past 3 months, Balance of Trade averaged -3,795.2M, vs -3,460.58M in the prior 3-month window. The reading is in the 9th percentile of the trailing 24-month range.
Latest Release
-4213.6
Actual
-3900
Consensus
-4171.6
Previous
Median Absolute Error
±676.61 million
across last 12 releases
Last Call
Jul 2026
Predicted: -4,063.23
Actual: -4,213.6
Error: +150.38
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.53 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.46 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.41 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Israel) was reported at -4,213.60 million in July 2026. This missed the market consensus of -3,900.00 million by 313.60 million. The reading fell from the previous value of -4,171.60 million. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -3,593.07 million, ranging from -4,353.60 million to -2,779.40 million across 11 releases.
WHY IT MATTERS
The trailing three releases averaged -4,030.50 million, down from the prior three at -3,555.20 million. Volatility over the past year (σ 513.02 million) is lower than the prior year (σ 628.78 million). In July readings over the past 3 years, Balance of Trade has averaged -3,167.40 million.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 676.61 million.
WHAT TO WATCH NEXT
The next release is scheduled for August 13, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Balance of Trade - IL
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About Balance of Trade — Israel
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual -4,213.6 M, consensus -3,900 M. Prior reading (May 2026): -3,689.2 M. Before that (Apr 2026): -4,188.7 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with GBP/USD (Bearish GBP, r=-0.53) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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