Kibbutz exports rise 10% in Q3

Kibbutz industry exports in the third quarter rose 10.2% to approximately $600 million, with the summer's war in the North not slowing sales during the period.

By AVI KRAWITZ
December 18, 2006 07:16

 
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Kibbutz industry exports in the third quarter rose 10.2% to approximately $600 million, with the summer's war in the North not slowing sales during the period. "We had an increase despite the war which affected the production and exports ability of our factories during the summer," said Amos Shilo, manager of the exports division at the Kibbutz Industries Association. The first nine months of the year saw Kibbutz industry exports grow 6.8% over last year to $1.8 billion. The plastics and rubber sector made up $824m. of the sales in the nine months while the food industry had exports of $262m. The KIA said the biggest growth came from exports to Asia, which increased 26% over the parallel nine months of 2005; Eastern Europe with growth of 23.6%; and Oceana by 26.6%. Its biggest markets remained Europe and the US.

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