In September an increase was noted in importation of durable goods (except for video machines), at a relatively high rate compared to the same month last year. The reasons for this are the low importation in September 2004 sue to a diversion of the importation from July and September to August, and the holidays which fell last year in September, and this year the holidays fell in October, to that the increased importation during the holiday season fell in September.

Importation of household electrical products - an increase in importation compared to September of last year Refrigerators - 22%, Clothes Dryers - 62%, washing machines - 78% and dishwashers - 72%.

The total value of household electrical appliances totaled 26 million dollars in September, and increase of 41% compared to 2004.

Import of electronics - an increased with a mixed trend was seen: DVD's and Videos saw a decrease of 10% but televisions saw an increase of 33%. It is assumed that the DVD marked is somewhat saturated, while larger and more expensive televisions are being purchased, therefore, while the amount of televisions increased by 33%, the value of televisions increased by 74%.

The total value of importation of entertainment electronics totaled 27 million dollars in September 2005, an increase of 37% compared to 2004.

It should be noted that during the cumulative period from the beginning of the year there was an increase in importation of all durable goods - as expected due to the increase in personal consumption expected to be 4% in 2005. The value of cumulative importation from the beginning of the year of household products increased at a rate of 7% compared to the same period last year. The value of importation of entertainment electronics increased from the beginning of the year by 17%.

Vehicles

Total importation of vehicles in September 2005 was 9,500 passenger vehicles compared to 6,700 vehicles in September 2004. An increase of approximately 42%. It should be noted that during September 2004, there was very low importation due to the divergence of importation from July and September to August.

683 commercial vehicles were imported, an 11% increase compared to September 2004. This is surprising since several months ago the option of deducting VAT for commercial vehicles was cancelled.

Total revenue from Purchase tax from importation of vehicles (passenger and commercial) in September totaled 450 million NIS, compared to 329, million in September 2004.

In January-Sept. 2005, total vehicles imported was 103,728 - an increase of 4.5% compared to the same period last year. The import of commercial vehicles as an increase of 30% - due to the increased importation in May (more that three times compared to the annual average)., due to the entrance in to effect of the regulations restricting VAT deduction when purchasing a commercial vehicle several months ago.

Suring the first third of the year, low importation was noted, in May there was a recovery. In May-September, since the beginning of the 2006 models, 78,500 private and commercial vehicles were imported - an increase of 11% compared to the same period last year. This phenomenon demonstrates the commercial distortion due to the false beginning of the model year - an issue which the Ministries of Finance and Transportation are working on solving.

If the growth rate until the end of the year will be similar to the rate in the last few month, we will reach an importation of vehicles (private and commercial) reaching 163,000, an increase of 7.5% compared to 2004.

Importation of cigarettes increased in September 2005 by 4.6% compared to last year.

Total value of importation in September 2005 was 3.2 Billion Dollars - a decrease of 1% compared to 2004.

 

IMPORTATION OF VEHICLES AND PARTS - September 2005 (in millions of US$)
(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.- September 2004			Jan.- September 2005			Change in %
		Quantity	Value in $	Revenue in $	Quantity	Value in $	Revenue in $	Quantity	Value in $	Revenue in $
	Passenger	99,293	1,098	4,018	103,592	1,171	4,425	4.3	6.6	10.1
	Commercial	8,088	108	367	10,458	141	450	29.3	30.6	22.6
	Two-Wheeled	6,905	12	32	7,768	14	38	12.5	18.3	19.3
	Trucks and tractors	3,129	121	29	5,126	241	8	63.8	98.4
	Spare parts		208	171		221	176		5.9	3.0
	TOTAL		1,548	4,617		1,787	5,097		15.5	10.4

MONTHLY
Type	September 2004			September 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	6,697	83	294	9,356	108	411	39.7	31.2	39.9	-38.2	-37.2	-38.8
Commercial	615	8	29	734	10	32	19.3	21.7	13.4	-30.7	-28.0	-27.6
Two-Wheeled	967	2	4	939	2	4	-2.9	2.3	7.3	-21.6	-20.0	-20.1
Trucks and tractors	239	11	2	772	43	1	223.0	302.1		-0.4	9.3
Spare parts		22	19		24	20		10.9	7.5		-8.6	-6.7
TOTAL		125	347		187	468		49.5	34.8		-26.4	-37.0

Accumulating From The Beginning of the Year
Product		Jan.- September 2004			Jan.- September 2005			Change in %
		Quantity	Value in $	Revenue in $	Quantity	Value in $	Revenue in $	Quantity	Value in $	Revenue in $
Household Elec. Appliances	Refrigerators	163,453	59.1		166,908	61.7		2.1	4.5
	Washing Machines	149,301	37.2		162,946	40.9		9.1	10.0
	Clothes Dryer	23,541	4.4		28,823	5.5		22.4	25.6
	Dish Washer	44,349	13.7		47,067	13.9		6.1	1.0
	Other		87.7			94.4			7.7
	TOTAL		202	65		216	59		7.1	-8.6
EntertainmentEle	T.V.	300,683	74.0		327,426	93.3		8.9	26.0
	Video	55,689	5.7		36,713	4.4		-34.1	-23.7
	DVD	302,213	17.7		399,039	24.8		32.0	40.2
	Other		118.2			129.5			9.6
	TOTAL		216	146		252	149		16.8	2.2
Cigarettes (Thousands of packets)		205,193	83.2	1665.0	215,287	87.8	1889.8	4.9	5.6	13.5

MONTHLY
Product		Jan.- September 2004			Jan.- September 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	17,028	5.7		20,800	8.0		22.2	40.9		-13	-10.5
	Washing Machines	11,346	3.1		20,225	5.1		78.3	62.9		5	8.3
	Clothes Drier	2,905	0.5		4,710	0.9		62.1	67.7		106	98.0
	Dish Washer	3,300	1.2		5,685	1.6		72.3	38.5		-3	-7.4
	Other		8.2			10.8			32.2
	TOTAL		19	4		26	7		41.3	69.0		-0.1	0.1
EntertainmentEle	T.V.	30,540	6.8		40,530	11.9		32.7	73.8		14	18.8
	Video	4,975	0.5		4,285	0.4		-13.9	-13.9		-15	-50.8
	DVD	31,372	2.0		29,025	1.6		-7.5	-21.9		-28	-26.6
	Other		10.1			12.8			26.0
	TOTAL		19	12		27	17		36.8	45.7		-10.0	6.9
Cigarettes (Thousands of packets)		18,760	7.8	153.7	26,647	11.0	237.5	42.0	40.8	54.5	2.0	3.7	3.5

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