CBS: Exports to US, Asia increase

Total Israeli exports (excluding diamonds) in August stood at NIS 14.2 billion, and total imports stood at NIS 23.5b.

September 23, 2012 23:17
A ZIM cargo ship.

ZIM cargo ship 311. (photo credit: Courtesy)

Exports to Asia and the United States increased, but sales to Europe and the rest of the world continued to slow in August, the Central Bureau of Statistics reported Sunday.

Total Israeli exports (excluding diamonds) stood at NIS 14.2 billion, and total imports stood at NIS 23.5b., for the month, for a NIS 9.3b. trade deficit. European Union countries received 30 percent of our exports, the US 24% and Asia 22%. The EU delivered 34% of our imports, Asia 23% and the US 11%.

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The trade deficit reached NIS 56.7b. in the first seven months of 2012, compared to a deficit of NIS 37.9b. in the corresponding period last year. Israel has running trade deficits of NIS 24.7b. with Europe and NIS 10.6b.with Asia so far this year, but a surplus of NIS 5.8b. with the US.

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