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      Archive: 5/10/2011

      News Brief

        5/10/2011, Iyar 6, 5771

      Exports Grow 13,400 Times in 63 Years

      Israeli exports grew from six million dollars in 1948 to $80.5 billion dollars in 2010, according to figures released Tuesday by the Israel Export Institute. The institute's economic unit says the export of goods and services, including research and development, accounted for $28.5 billion or about 35 percent of the total. Agricultural exports, which totalled $1.3 billion, accounted for only two percent of the 2010 figure.

      Diamond exports, which totalled about $2.8 million in 1948, rose to about 8.9 billion last year, a 3,190-fold rise. Institute Chairman Ami Erel said investment in education and research was needed to continue the rise in Israeli innovation.