The Central Bureau of Statistics reported today that exports of goods (excluding diamonds) rose by an annualized 25.6% in June-August in trend figures, after falling by an annualized 0.4% in March-May. Exports of goods totaled $3.2 billion in August, of which 89% were manufactured exports and 10% were diamond exports.
Israel's trade deficit narrowed to a monthly average of $500 million in January-August 2009, from $1.1 billion in the corresponding months of 2008.
Exports by all industrial export sectors in June-August: high-tech exports, 51% of total manufactured exports (excluding diamonds), rose by an annualized 21.7%, after rising by an annualized 20.3% in March-May: mixed high-tech exports, 27% of all manufactured exports, rose by an annualized 5.7%, after falling by an annualized 34.5% in March-May; mixed-low technology exports, 15% of all manufactured exports, rose by an annualized 37.3%, after falling by an annualized 17.8%; and low technology exports, 6% of all manufactured exports, rose by an annualized 2.3%, after falling by an annualized 20%.
Imports of goods totaled $4.4 billion in August. Imports of goods (excluding diamonds, ships, planes, and fuel) rose by an annualized 10.4% in June-August, after falling by an annualized 24.6% in March-May. The decline in the import of investment goods (excluding ships and planes) narrowed to an annualized 7.2% in June-August from 41.2% in March-May.
Published by Globes [online], Israel business news - www.globes-online.com - on September 13, 2009
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