Total exports of goods and services shrank year-over-year in 2015 by a dollar rate of 7% to $92 billion. Exports of goods (excluding exports to the Palestinian Authority) fell by 9% in 2015 to $65.4 billion. Exports of goods excluding diamonds fell by 7% y-o-y to $47 billion. Exports of services declined 3% in 2015 in contrast to the positive trend of the past few years. 

Exports of goods Diamond exports fell sharply by 23% in 2015 to $7.2 billion. Agricultural exports shrank by 7.5% y-o-y to $46 billion. Industrial exports fell 7.5% y-o-y and totaled $46 billion. An analysis of export trends points to a slight recovery in pharmaceutical exports and a sharp increase in exports of electronic components. On the other hand, chemical exports recorded a double-digit decline in dollar terms, primarily due to the fall in global oil prices and the strike in Israel Chemicals plants in the south of Israel. Industrial high-tech exports rose by an impressive 13% - owing to the exports of dominant sectors: electronic components, pharmaceuticals and aircrafts. 

The index of core high-tech exports (total industrial high-tech exports excluding dominant sectors) fell 5% in 2015. Exports by trading regions In summary, in 2015 exports to the European Union fell by 12% in dollar terms, mainly due to the Euro's depreciation vis-à-vis the dollar and the dive in oil prices (and prices of energy in general), which affected the prices of chemical products. Israeli exports to Asian countries rose by a double-digit figure of 15%, mainly due to exports of electronic components, while exports to the US remained unchanged 4 from last year. For the first time, Asia has taken the place of the US and is ranked as the second biggest destination for Israeli goods exports1 . 

Διαβάστε περισσότερα: