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Report: Israel trade deficit hits over $1bn in October

Israel’s trade deficit reached nearly 4.2 billion shekels ($1.09 billion) during October, a new report revealed yesterday.

According to the monthly report issued by the Israeli Central Bureau of Statistics, the total value of Israeli imports reached 20.2 billion shekels ($5.246 billion) while the total value of exports reached about 16 billion shekels ($4.155 billion).

Advanced technology exports fell by 19.3 per cent during October compared with the corresponding period last year, while Israeli imports of consumer goods and raw materials increased by seven per cent.

On Wednesday, the European Commission started to label Israeli products produced in the illegal settlements.

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