Q1 Exports to Latin America up 1.5%

Israeli exports to Latin America (excluding diamonds) rose 1.5% in the first quarter of 2006 to $269m., with the year-on-year increase expected to be around 5%, the Israel Exports Institute said Sunday.

Israeli exports to Latin America (excluding diamonds) rose 1.5% in the first quarter of 2006 to $269m., with the year-on-year increase expected to be around 5%, the Israel Exports Institute said Sunday. During 2005, a further 283 Israeli companies began trading with Latin America, a rise of 8% from 2004, bringing the current total of Israeli exporters dealing in Latin America to 3,811, including diamond exporters. Within the region, Paraguay saw the biggest increase in Israeli imports, up 166% over the same period of last year, to to $800,000. Exports to Brazil were the biggest loser, down 22% to $63m. Exports to Latin America are expected to reach $1.4b. for the year.