Ynet: Israeli exports to EU hit 3-year low
10.05.12, 13:34–Exports to the European Union totaled $1.9 billion in July and August 2012, a 21% drop compared to the same period last year and an 8% drop compared to the two previous months, according to an analysis of the economics division at the Israel Export & International Cooperation Institute (IEICI).
The analysis reveals that the export of goods (excluding diamonds) totaled some $7.7 billion in July-August 2012 – a 3.5% drop compared to the same period last year and a 6% increase compared to May-June 2012.
IEICI economists noted that the EU’s part in total Israeli exports fell to 25% in July-August from 30% in the same period last year.
On the other hand, exports to the United States soared 16% compared to the same period last year, and 31% compared to the two previous months.
For the first time since late 2010, the US passes the EU in terms of export volumes, and its part in total exports from Israel is up to 29% in July-August 2012 from 24% in the same period in 2011.
Exports to Asia in July-August 2012 totaled $1.8 billion – a 13% increase compared to the same period last year and a 3.5% drop compared to the two previous months…Read More>>
