Israel’s exports have registered a year-on-year increase of 10
percent in 2022 to reach a record high of over 160 billion U.S.
dollars, according to estimates issued by the Ministry of Economy
and Industry on Sunday, Trend reports citing Xinhua.
It is the second consecutive year that exports, which make up
about a third of Israel’s economy, reached a record-high level,
according to the statement.
Israel’s main export partners are the United States, Britain,
China, India, Ireland and the Netherlands, it adds.
Continuing a trend that began in 2021, the export of services in
2022 exceeded the export of goods, with services accounting for
about 51 percent of all Israeli exports. Programming service
constitutes 42 percent of the exported services, while research and
development services account for 14 percent of the exported
services.
The export of goods also grew significantly, registering an
increase of about 15 percent compared to that of 2021. The most
significant growth in the export of goods was seen in the chemical
industry products, diamonds, and electrical and mechanical
equipment.
“The Israeli economy maintained stability and growth this year
as well, thus enabling Israeli industry to meet a variety of
challenges,” the statement quoted Economy and Industry Minister
Orna Barbivai as saying.
Discussion about this post