Trade volume between Israel and Scandinavian countries increased by 7 percent or $60 million to a total of $905m. in the first eight months of 2006 compared with the same period last year, according to data compiled by the Federation of Israeli Chambers of Commerce.
Imports from Scandinavian countries grew by 13% or $74m. to $645m. during the period, while exports dropped by 5% to $260m. Bi-lateral trade is conducted mostly with Sweden (39%), followed by Finland (30%), Denmark (21%) and Norway (10%). Trading fields include mechanical equipment, electronics, car tools, plastics and rubber.