Thu, 29 Jul 2021

JERUSALEM, June 14 (Xinhua) -- Israel's current account surplus rose to 5.85 billion U.S. dollars in the first quarter of 2021, up 36.4 percent year on year, according to a balance of payments report released on Monday.

The report, issued by the state's Central Bureau of Statistics, also said in the fourth quarter of 2020, Israel's current account surplus totalled 5.49 billion dollars.

A current account includes a country's transactions of goods and services, financial investments, wages and current transfers.

According to the figures, Israel's balance of goods and services amounted to a surplus of 4.74 billion dollars in the first quarter of 2021, almost unchanged from the previous quarter, but 41.9 percent higher than the figure recorded in the first quarter of 2020.

Israeli services exports totalled 15.7 billion dollars in the first quarter, 15.4 percent higher than the 13.6 billion dollars recorded in the first quarter of 2020.

Exports of hi-tech services (excluding start-up companies) totalled 9.8 billion dollars in the first quarter this year, up 24.8 percent compared to the same period in 2020.

Israeli imports of services totalled 6.9 billion dollars in the first quarter of 2021, up from 6.5 billion dollars in the last quarter of 2020, but down 11.5 percent from 7.8 billion dollars from January-March 2020.

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