Exports to EU to reach $9.2b. in '06

The forecast comes as exports to the EU in the first nine months of the year totaled $6.9b, having grown at the same 11% pace, the IEI said.

By AVI KRAWITZ
December 7, 2006 06:42

 
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Industrial exports, excluding diamonds, to the European Union is expected to end the year 11 percent higher than 2005 at $9.2 billion, the Israel Exports Institute said Wednesday. The forecast comes as exports to the EU in the first nine months of the year totaled $6.9b, having grown at the same 11% pace, the IEI said. Exports to all countries is expected to reach approximately $29b. by year-end, some 13% higher than 2005. The biggest growth market for Israeli exporters to the EU from January to September were in sales to Malta, which grew 100% to $49m. and to the Czech Republic which grew 72% to $73.5m. Sales to Germany rose 35% to $1.27b. and to France increased 28.5% to $689m., the IEI said. Other strong markets were Spain which increased 23% to $583m. and Italy where Israeli industry sold 13% more than in the first nine months of 2005 to $686.5m. Separately, the Manufacturers Association of Israel's food unit said food exports grew 5% in the first three quarters of the year to $528.5m. Within that, fruit and vegetable sales abroad grew 22% to $180m. For the same period, Israeli imports of food products grew 12.5% to $886.2m.

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