Industrial exports (not including diamonds) were up by 9% since the beginning of the year, reaching $1.9 million, according to figures provided by David Artzi, head of Israel’s Export Institute.
At the forefront of Israel’s exports to the United States was the high tech sector, including medicines. Those exports skyrocketed by 19% since the start of 2006, amounting to $439 million, so far this year. Last year, the total value of high tech and medicinal exports to the United States was $1 billion.
Artzi said the main reason for the sharp rise in exports was the U.S.’s economic expansion which has positively affected the demand for high tech products. By the end of the year, Arzti expects Israeli exports to the U.S. to rise by 10% and reach $8.3 billion.
If the rise in exports is broken down by products, exports of medicine registered the largest rise, 41.3%, reaching $439 million. Metal products also rose sharply, up by 16% to $117.5 million.
A number of “old economy” products, including clothing and textile exports to the U.S., actually declined by 15% since January, down to $127 million. Exports of chemicals and petroleum products also fell by 10% to $148 million, and rubber and plastic exports dipped by 14% to $31 million.
Artzi said that the Israel Exports Institute will showcase Israeli products representing 190 exporters at 14 trade fairs around the world, with 11 in the United States.
At the forefront of Israel’s exports to the United States was the high tech sector, including medicines. Those exports skyrocketed by 19% since the start of 2006, amounting to $439 million, so far this year. Last year, the total value of high tech and medicinal exports to the United States was $1 billion.
Artzi said the main reason for the sharp rise in exports was the U.S.’s economic expansion which has positively affected the demand for high tech products. By the end of the year, Arzti expects Israeli exports to the U.S. to rise by 10% and reach $8.3 billion.
If the rise in exports is broken down by products, exports of medicine registered the largest rise, 41.3%, reaching $439 million. Metal products also rose sharply, up by 16% to $117.5 million.
A number of “old economy” products, including clothing and textile exports to the U.S., actually declined by 15% since January, down to $127 million. Exports of chemicals and petroleum products also fell by 10% to $148 million, and rubber and plastic exports dipped by 14% to $31 million.
Artzi said that the Israel Exports Institute will showcase Israeli products representing 190 exporters at 14 trade fairs around the world, with 11 in the United States.