Importation of Consumer and Investment Products March 2005
A decrease was noted during March for the importation of some of the durable
goods, compared to the same month last year. This occurred due to a number of
reasons:
| • | During the second half of February 2004, taxes were reduced on durable goods: in the following months, importation increased for durable goods for which the taxes were reduced. |
| • | Another component influencing the importation in March is the fact that Passover falls this year at the end of April. Therefore, the importation before the shopping for the holidays divides into two months, March and April, whereas in 2004 the holiday timing lead to that most of the increased importation was in March, which leads to a decrease in the importation data. |
| • | Importation of refrigerators in March 2005 decreased by 33%, clothes dryers - decreased by 7%, dishwashers - decreased by approximately 12%. DVD - a decreased of 3% was noted compared to March 2004. It should be noted that this is the first month, after many months that a decrease was seen in the importation of this product. The only products which saw an increase in importation were washing machines and televisions. |
Vehicles
Vehicles - in March 2005 approximately 9,337 vehicles (passenger and commercial) were imported compared to 10,835 vehicles during March 2004 - a decrease of 14%. It should be noted that in March 2004 an especially high importation was noted for vehicles following a diversion of purchased from February 2004, following the announcement of VAT decrease to 17%.
In the first quarter of the year (January-March 2005) importation of vehicles
totaled 28,00 - a decrease of 13% compared to the same period last year. This
occurred for a number of reasons:
| • | Many vehicles were released early by vehicle importers in December 2004 due to the concern that the EURO and Yen will strengthen compared to the Shekel. |
| • | High sales typical in December in order to improve annual sales figures - but opposed to the first quarter of 2004 which compensated to deviation, in 2005 a decrease is seen in sales. |
| • | In the past several years a phenomena is seen of relatively low importation in months close to "exchanging year of model in may every year. Therefore, The phenomena of low importation in February-march, which may continue to April, is certainly expected. |
Miscellaneous
Importation of cigarettes decreased in March 2005 to 3% compared to last
year.
The total value of importation for the month of March 2005 totaled 3.3. million
dollar - an increase of 16% compared to 2004.
(Quantity in Units,Value in millions of $ and Purchase Tax Revenue in Millions of NIS)
| ACCUMULATING - FROM BEGINNING OF THE YEAR | ||||||||||
| Vehicle and Parts | Type | Jan.-March 2004 | Jan.-March 2005 | Change in % | ||||||
| Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in $ | ||
| Passenger | 29,624 | 337 | 1,202 | 25,569 | 305 | 1,110 | -12.9 | -8.1 | -6.9 | |
| Commercial | 2,866 | 40 | 135 | 2,732 | 41 | 135 | ||||
| Two-Wheeled | 1,759 | 3 | 8 | 2,015 | 4 | 10 | 14.6 | 23.3 | 26.2 | |
| Trucks and tractors | 976 | 44 | 10 | 1,394 | 60 | 4 | 42.8 | 38.3 | -59.8 | |
| Spare parts | 69 | 56 | 73 | 57 | 6.4 | 1.4 | ||||
| TOTAL | 491 | 1,411 | 483 | 1,316 | -1.7 | -6.8 | ||||
| MONTHLY | ||||||||||||
| Type | March 2004 | March 2005 | Change in % | Change in % Compared to Previous Month | ||||||||
| Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in Shekels | |
| Passenger | 9,813 | 110 | 402 | 8,226 | 95 | 349 | -13.8 | -8.4 | -9.3 | -2.8 | -3.2 | -3.3 |
| Commercial | 1,022 | 13 | 46 | 1,111 | 18 | 57 | ||||||
| Two-Wheeled | 768 | 1 | 3 | 739 | 1 | 4 | -3.8 | 1.9 | 10.6 | 11.0 | 17.0 | 20.7 |
| Trucks and tractors | 352 | 17 | 4 | 476 | 22 | 0 | 35.2 | 27.9 | -93.5 | -13.6 | -14.9 | -37.6 |
| Spare parts | 25 | 20 | 26 | 20 | 4.0 | -4.4 | 17.6 | 11.9 | ||||
| TOTAL | 166 | 476 | 161 | 430 | -2.7 | -9.7 | -2.2 | -2.6 | ||||
Note:
Beginning on March 1, 2004 Jeeps and Minivans were added to the passenger category,which are classified in the fourth addition to the VAT regulations.
Begininng from the month of April, the monthly publication will include details acording to the types of vehicles: passenge, commercial, two-wheel trucks and tractors.
Import of Consumer Goods- March 2005
(Quantity in Units,Value in millions of $ and Purchase Tax Revenue
in Millions of NIS)
| Accumulating From The Beginning of the Year | |||||||||||
| Product | Jan.-March 2004 | Jan.-March 2005 | Change in % | ||||||||
| Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in $ | |||
| Household Elec. Appliances | Refrigerators
|
49,945 | 17.1 | 48,283 | 17.3 | -3.3 | 1.2 | ||||
| Washing Machines
|
51,867 | 11.9 | 57,933 | 15.0 | 11.7 | 25.3 | |||||
| Clothes Dryer
|
10,056 | 1.8 | 15,774 | 2.9 | 56.9 | 61.0 | |||||
| Dish Washer
|
15,529 | 4.6 | 15,738 | 4.8 | 1.3 | 4.2 | |||||
| Other | 32.7 | 33.1 | 1.0 | ||||||||
| TOTAL | 68.2 | 28.9 | 73.1 | 19.5 | 7.1 | -32.5 | |||||
| EntertainmentEle | T.V.
|
87,408 | 23.7 | 113,209 | 29.6 | 29.5 | 24.7 | ||||
| Video
|
25,946 | 2.4 | 13,063 | 1.5 | -49.7 | -36.9 | |||||
| DVD
|
95,649 | 5.7 | 173,855 | 12.3 | 81.8 | 115.1 | |||||
| Other | 33.9 | 44.7 | 31.9 | ||||||||
| TOTAL | 65.7 | 55.5 | 88.1 | 50.0 | 34.1 | -9.8 | |||||
| Cigarettes (Thousands of packets)
|
62,555 | 25.3 | 506.1 | 67,961 | 27.7 | 594.3 | 8.6 | 9.5 | 17.4 | ||
| MONTHLY | |||||||||||||
| Product | Jan.-March 2004 | Jan.-March 2005 | Change in % | Change in % Compared to Previous Month | |||||||||
| Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in $ | Quantity | Value in $ | Revenue in NIS | ||
| Household Elec. Appliances | Refrigerators | 27,570 | 9.9 | 18,498 | 7.5 | -32.9 | -24.6 | 83 | 96.9 | ||||
| Washing Machines | 20,652 | 5.1 | 22,235 | 5.8 | 7.7 | 13.3 | 31 | 35.8 | |||||
| Clothes Drier | 2,494 | 0.5 | 2,318 | 0.5 | -7.1 | 5.5 | -51 | -42.7 | |||||
| Dish Washer | 7,280 | 2.1 | 6,437 | 1.9 | -11.6 | -8.9 | 41 | 35.8 | |||||
| Other | 17.1 | 14.0 | -17.8 | ||||||||||
| TOTAL | 34.7 | 9.3 | 29.7 | 8.1 | -14.3 | -12.9 | 48.0 | 46.9 | |||||
| EntertainmentEle | T.V. | 37,510 | 9.4 | 44,088 | 11.3 | 17.5 | 19.9 | 17 | 26.1 | ||||
| Video | 8,165 | 1.1 | 4,940 | 0.5 | -39.5 | -58.0 | 68 | -24.9 | |||||
| DVD | 54,055 | 3.0 | 52,499 | 3.4 | -2.9 | 15.6 | -31 | -23.3 | |||||
| Other | 16.1 | 15.6 | -3.2 | ||||||||||
| TOTAL | 29.5 | 18.4 | 30.7 | 18.2 | 4.0 | -1.2 | 11.7 | -37.6 | |||||
| Cigarettes (Thousands of packets) | 25,283 | 10.1 | 203.1 | 24,599 | 10.0 | 213.3 | -2.7 | -0.8 | 5.0 | 15.7 | 13.7 | 13.7 | |
Purchase Tax Revenue from other products - March 2005
(Quantity in Units,Value in millions of $ and Purchase Tax Revenue
in Millions of NIS)
| PRODUCT | Value in $ | Purchase Tax Revenue in NIS | Change in % | Value in $ | Purchase Tax Revenue in NIS | Change in % | ||||||
| Jan-Mar 03 | Jan-Mar 04 | Jan-Mar 03 | Jan-Mar 04 | Value | Revenue | Mar 03 | Mar 04 | Mar 03 | Mar 04 | Value | Revenue | |
| Telephone | 128.9 | 118.1 | 84.2 | 77.4 | -8.4 | -8.0 | 42.4 | 47.9 | 28.6 | 31.3 | 13.1 | 9.2 |
| Alcohol | 9.9 | 11.2 | 39.0 | 41.2 | 12.9 | 5.5 | 4.0 | 4.3 | 15.7 | 16.3 | 8.1 | 3.8 |
| Fuel | 275.3 | 354.9 | 127.3 | 141.2 | 28.9 | 11.0 | 119.9 | 134.4 | 47.6 | 51.3 | 12.1 | 7.9 |
| Air Conditioners | 5.8 | 6.1 | 11.7 | 9.3 | 4.7 | -20.4 | 2.0 | 3.4 | 3.5 | 5.7 | 65.7 | 63.5 |
| Cosmetics | 30.8 | 33.6 | 18.6 | 19.2 | 9.1 | 3.1 | 13.0 | 14.7 | 7.9 | 8.5 | 13.5 | 7.0 |
| Chargers and Batteries | 9.2 | 8.4 | 13.9 | 13.6 | -8.9 | -2.5 | 3.7 | 3.2 | 5.1 | 4.8 | -14.6 | -5.6 |
| Total Import (Not including Diamonds | Jan.-March | March | Previous Month | |||||
| 2004 | 2005 | Change in % | 2004 | 2005 | Change in % | Feb | Change in % | |
| Value of Importation (Millions of $) | 7,602 | 8,839 | 16.3 | 2,852 | 3,316 | 16.3 | 2,871 | 15.5 |
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