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The Federation of Israeli Chambers of Commerce reported on Sunday that during 2007, imports of consumer goods grew 28 percent, or $1.6 billion, above 2006 numbers. As of the end of November, consumer goods imports stood at $6.96b. according to the group.
Uriel Lynn, president of the FICC, attributed the growth in imports to an improvement in the local economy over the last number of years and a concerted government effort to improve and increase household buying power.
Imports of food and drink, medicines and clothing rose 20%, or $680m., above 2006 figures to $4b., while imports of televisions, machines and refrigerators rose an average of 39%, or $980m., to $3.5b.
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