Israel’s trade deficit for 2022 increased by $5.6bn, or 17%, growing to a record $38bn amid near-record net crude imports of 235,100 b/d.

The country’s import bill rose 18% to a record $104.9bn while exports were also up 18% at $66.8bn, leaving the country with its largest ever trade deficit, according to data from the government’s Central Bureau of Statistics (CBS). (CONTINUED - 832 WORDS)