Tax Authority: In October 2021 imports amounted to 17,500 private cars - an increase of 47.2%

Posted on Nov 8, 2021 by Ifi Reporter - Dan Bielski

The Tax Authority published the data on imports of durable goods in October 2021 and HaMoked revealed that imports amounted to 17,500 private cars compared to 11,891 in October 2020, an increase of 47.2%.
Commercial vehicle imports amounted to 1,195 vehicles compared to 367 in October 2020, an increase of 225.6%. The sharp increase in car imports is due to the low imports in the corresponding month last year following the closure imposed on the economy in mid-September and continuing in October 2020. It should be noted that this is a relatively low import of vehicles compared to the average in a normal month. In supply.

In January-October 2021, imports of passenger vehicles amounted to 205,808, compared with 156,013 in the corresponding period last year, an increase of 31.9%. Imports of commercial vehicles increased by an even more significant percentage by 71.1% and reached a volume of 9,808. Compared to January-October 2019, this is a decrease of 4.3% in passenger car imports and a 24.1% increase in commercial vehicle imports. The trend data indicate a decrease in the import of passenger vehicles in July-October 2021 after an increase that began in July 2020.
In October 2021, compared to October 2020, there was a mixed trend in imports of white appliances. There are almost no changes in the import of refrigerators. In washing machines and tumble dryers there was an increase of 13.2% and 13.6% respectively. Imports of dishwashers, on the other hand, decreased by 35.3%.
In the months of January-October in the cumulative 2021, imports of refrigerators and dishwashers increased by 22.5% and 16.1%, respectively. Imports of washing machines and dryers decreased by 2% compared to January-October 2020. Imports of televisions decreased by 23.8% in October 2021 compared to October 2020. In total, imports of televisions have decreased by 14.6% since the beginning of the year.
In October 2021, there was an increase in the import of cigarettes by 7.6%, compared with October 2020. Purchase tax revenues from the import of cigarettes increased by a similar rate. In total, there has been a 5.8% increase since the beginning of the year compared to the same period last year. The value of other tobacco imports, including smoking tobacco, hookah tobacco, pipe tobacco, cigars and heating units, decreased by 1.4% in October 2021 compared to October 2020. In total since the beginning of the year, other tobacco imports increased by 15.3% and purchase tax revenues increased At a more moderate rate of 4.5%.
The total value of total imports in October 2021 was $ 8.1 billion, an increase of 47.6% compared to the value of imports in October 2020. The significant increase is mainly due to the following reasons: October 2020 saw low imports following the second closure imposed in mid-September Activity in the economy In October 2021, imports were higher than in the corresponding month last year in most industries, mainly in electrical equipment, machinery and mechanical devices, vehicles, and plastic products. Trend data indicate an increase in the value of imports from July 2020.
Data from September 2021 show that the increase in gasoline marketing volumes, which grew by 16.1% this month, continues. Diesel marketing, on the other hand, is down 14.5% from September 2020.


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