Consumer goods imports rise in '07

Imports of food and drink, medicines and clothing rose 20%, or $680m., above 2006 figures to $4b.

knesset 88 (photo credit: )
knesset 88
(photo credit: )
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.