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      Archive: 5/12/2006
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        5/12/2006, Iyar 14, 5766

      Oil Prices Cause Soaring Trade Deficit


      (IsraelNN.com) Israel's trade deficit the first four months of 2006 surged 50 percent compared with the same period last year, the Central Bureau of Statistics reported Thursday. Rising energy prices accounted for a large part of the $2.73 billion deficit.

      Agricultural exports rose slightly. Industrial exports, especially in the high technology industry, are rising.