Israel: Stagnant exports to European Union cause concern by Zeev Klein
There are some worrying signs about Israeli exports. The export of goods, excluding diamonds, to the EU was unchanged in November 2005-January 2006, and exports to Asia fell by an annualized 10.2%, the Central Bureau of Statistics reported yesterday. Exports, excluding diamonds rose by an annualized 1.8% in December-January, thanks to a 7.9% rise in exports to the US and a 10% rise to the rest of the world group. Exports to the US rose by an annualized 12.9% in August-October 2005. The import of goods, excluding diamonds, fuel, ships and planes, from the US fell by an annualized 4.5% in December-January, and imports from the rest of the world group fell by an annualized 10.2%. This was offset by an annualized 6.2% rise in imports from the EU in November-January, and an annualized 22.9% rise in imports from Asia. Imports from Asia rose by 15.8% in August-October 2005.
Imports, excluding diamonds, totaled $3.3 billion in January. 39% of imports were from the EU, 19% from Asia, 13% from the US, and the rest from the rest of the world.
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