Service exports rise 5% in first half

The Israel Export Institute said that over the first half of the year, exports of services rose some five percent to $10b.

By MATTHEW KRIEGER
October 2, 2007 07:47

The Israel Export Institute said Monday that over the first half of the year, exports of services rose some five percent to $10 billion. Posting the strongest growth over the period were tourism services, which increased its exports by 5% to $1.5b.; moving services up 11% to $2b.; and computer and software service exports, which jumped 27% to $2.2b. Service exports also include manufacturing services, research and development services, communications services and marketing and distribution services. Separately, the Federation of Israeli Chambers of Commerce announced that no fewer than 200,000 new service and trade laborers will have been added to Israel's work force over the past three years. According to the FICC, between 2004 and 2006, some 146,000 service and trade jobs were created, while 2007 is expected to add at least another 50,000, for a total increase of some 18.8% from 2003 levels. There are currently 1.17 million service and trade employees in the country, including 173,500 in the communications sector and 122,100 in the food and events sectors.


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