Israel's trade deficit decreased to US$129.7 million in the January to March period from a US$373.5 million deficit in the same period last year, the Central Bureau of Statistics said.

During the period, exports declined 34.9% annually to US$10.45 billion, while imports fell 35.6% to US$10.58 billion.

In March, there was a trade surplus of US$0.2 billion. Exports totaled US$4 billion, while imports amounted to US$3.8 billion.

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