Less agriculture, more start-ups: a 3% drop in exports of goods versus a 10% increase high-tech exports in 2016
According to the Institute of Export volume of exports of goods and services from Israel over the past year amounted to 95 billion dollars; Exports to the United States recorded a record of six years with an increase of 6%, compared with exports to Asia fell by 14%
Osnat Nir 16: 12/16/1727
Tags: export commodities export Agricultural Institute diamonds startup startups
The volume of exports of goods and services from Israel amounted in 2016 to approximately $ 95 billion. The report, a preliminary summary of the Export Institute 2016 conducted by the Economics Division Export Institute. Although this is a moderate increase of 3% compared to the previous year, but a component only goods exports, excluding diamonds (published by the services component) looks decrease of approximately - 3% compared to last year (a decline of 44 billion dollars).
Read more Calcalist:
CBS: a drop of 15.5% in exports high-tech and pharmaceutical last three months
Exports of high-tech and pharmaceutical never recovered: decreased by 13.4% in 3 months
Export Institute: 6-year slump in exports from Israel
As its exports of goods shows a decrease of 3% in industrial exports (which accounts for 84% of all exports), compared with 2015, a decrease of 4% as well in agricultural exports, which totaled $ 1.1 billion (2% of total exports of goods only).
Unlike industries where there was a decline, the industry occurred in an increase in exports is the diamond industry (about 14% of total goods exports) amounted to $ 7.5 billion, which means an increase of about 3%.
Compared to exports of goods, exports of services increased by 10% and totaled a record $ 40 billion this year. Excluding the sale of diamonds and startup companies, exports totaled approximately $ 86 billion, dollar rise about 2% compared to 2015.
Exports of high-tech (industry and services), a significant increase of 4% compared to 2015, it is exporting about $ 41 billion that are expected to constitute about 43% of total exports of goods and services in Israel. The increase is explained by continued rapid growth in exports of computer services, software and R & D in accordance with the prevailing trend in recent years. Exports of high-tech services now accounts for nearly half of the high-tech exports overall. In this industry, excluding the component services and examining the export of high-tech industry only ( equipment and products) a fall in 2016 of 11%, due primarily to a decrease of 35% in exports of electronic components as a result of upgrading works of the Intel plant in Kiryat Gat. export Institute estimates that the industry is expected to recover during 2017.
Photo: Shutterstock
An over-industries, the most significant increase in exports electrical products industry stands where there was an increase of approximately 79%. Sector in which there has been most significant decline in exports is the chemical sector (which declined by about 18%).
The main objective remains the most Israeli exports EU (29% of exports of goods) in dollar declined about 5% this year (12.8 billion in 2016). This is the second consecutive annual retreat in exports to EU countries due mostly Institute estimates that the decline Bitzioa pharmaceutical and chemical industries, sectors with significant weight EU exports.
On the other hand, exports to the United States, the second export destination of Israel today (27% of total goods exports) increased by 6% in dollars in exports (11.7 billion dollars), a record of 6 years. The growth in exports to the US registered variety leading industries including pharmaceutical industries and medical equipment.
Ramzi Gabbai, Chairman of the Israel Export Institute: "After several years of stagnation, the year 2017 will be a watershed year in exports," Ramzi Gabbai, Chairman of the Israel Export Institute: "After several years of stagnation, the year 2017 will be a watershed year in exports" Photo: Orel Cohen
In contrast, exports to the US growth momentum continued this year was a record of 6 years. Summing up 2016 exports rose a dollar rate of 6% and climbed up the volume - about 27% of Israel's goods exports. Exports to Asia totaled approximately US $ 9.8 billion, a decrease of 14% compared to 2015 (22% of total exports of goods of Israel). the decrease was mainly due to the sharp drop in exports of electronic components as well. Meanwhile, exports to China remained stable. exports to Latin America totaled NIS 1.8 billion dollars, a decrease of approximately 7% (4% of total exports). exports to African countries (only 2% of exports) totaled about about $ 780 million, a sharp decline of 23%, following a decline of about 22 % Last year.
According to the Israel Export Institute forecast in 2017 is expected to grow at a rate dollar exports of 6% to a total of more than $ 100 billion. The Institute's economists predict this year, a real increase of about 4% in exports.
According to Ramzi Gabai, chairman of the Israel Export Institute: "Export report data of 2016 show a positive trend in exports occurred this year. The decline in exports was recorded this year was balanced thanks to the rapid growth trend in exports of computer services and software, which has contributed to the continued increase in exports Hhii- tech Israeli exports in particular and in general. Given this trend, we expect that after several years of stagnation, the year 2017 will be a watershed year in exports, which exports will increase and strengthen the economy's growth rates in the coming years. "
http://www.calcalist.co.il/articles/0,7340,L-3704666,00.html
According to the Institute of Export volume of exports of goods and services from Israel over the past year amounted to 95 billion dollars; Exports to the United States recorded a record of six years with an increase of 6%, compared with exports to Asia fell by 14%
Osnat Nir 16: 12/16/1727
Tags: export commodities export Agricultural Institute diamonds startup startups
The volume of exports of goods and services from Israel amounted in 2016 to approximately $ 95 billion. The report, a preliminary summary of the Export Institute 2016 conducted by the Economics Division Export Institute. Although this is a moderate increase of 3% compared to the previous year, but a component only goods exports, excluding diamonds (published by the services component) looks decrease of approximately - 3% compared to last year (a decline of 44 billion dollars).
Read more Calcalist:
CBS: a drop of 15.5% in exports high-tech and pharmaceutical last three months
Exports of high-tech and pharmaceutical never recovered: decreased by 13.4% in 3 months
Export Institute: 6-year slump in exports from Israel
As its exports of goods shows a decrease of 3% in industrial exports (which accounts for 84% of all exports), compared with 2015, a decrease of 4% as well in agricultural exports, which totaled $ 1.1 billion (2% of total exports of goods only).
Unlike industries where there was a decline, the industry occurred in an increase in exports is the diamond industry (about 14% of total goods exports) amounted to $ 7.5 billion, which means an increase of about 3%.
Compared to exports of goods, exports of services increased by 10% and totaled a record $ 40 billion this year. Excluding the sale of diamonds and startup companies, exports totaled approximately $ 86 billion, dollar rise about 2% compared to 2015.
Exports of high-tech (industry and services), a significant increase of 4% compared to 2015, it is exporting about $ 41 billion that are expected to constitute about 43% of total exports of goods and services in Israel. The increase is explained by continued rapid growth in exports of computer services, software and R & D in accordance with the prevailing trend in recent years. Exports of high-tech services now accounts for nearly half of the high-tech exports overall. In this industry, excluding the component services and examining the export of high-tech industry only ( equipment and products) a fall in 2016 of 11%, due primarily to a decrease of 35% in exports of electronic components as a result of upgrading works of the Intel plant in Kiryat Gat. export Institute estimates that the industry is expected to recover during 2017.
Photo: Shutterstock
An over-industries, the most significant increase in exports electrical products industry stands where there was an increase of approximately 79%. Sector in which there has been most significant decline in exports is the chemical sector (which declined by about 18%).
The main objective remains the most Israeli exports EU (29% of exports of goods) in dollar declined about 5% this year (12.8 billion in 2016). This is the second consecutive annual retreat in exports to EU countries due mostly Institute estimates that the decline Bitzioa pharmaceutical and chemical industries, sectors with significant weight EU exports.
On the other hand, exports to the United States, the second export destination of Israel today (27% of total goods exports) increased by 6% in dollars in exports (11.7 billion dollars), a record of 6 years. The growth in exports to the US registered variety leading industries including pharmaceutical industries and medical equipment.
Ramzi Gabbai, Chairman of the Israel Export Institute: "After several years of stagnation, the year 2017 will be a watershed year in exports," Ramzi Gabbai, Chairman of the Israel Export Institute: "After several years of stagnation, the year 2017 will be a watershed year in exports" Photo: Orel Cohen
In contrast, exports to the US growth momentum continued this year was a record of 6 years. Summing up 2016 exports rose a dollar rate of 6% and climbed up the volume - about 27% of Israel's goods exports. Exports to Asia totaled approximately US $ 9.8 billion, a decrease of 14% compared to 2015 (22% of total exports of goods of Israel). the decrease was mainly due to the sharp drop in exports of electronic components as well. Meanwhile, exports to China remained stable. exports to Latin America totaled NIS 1.8 billion dollars, a decrease of approximately 7% (4% of total exports). exports to African countries (only 2% of exports) totaled about about $ 780 million, a sharp decline of 23%, following a decline of about 22 % Last year.
According to the Israel Export Institute forecast in 2017 is expected to grow at a rate dollar exports of 6% to a total of more than $ 100 billion. The Institute's economists predict this year, a real increase of about 4% in exports.
According to Ramzi Gabai, chairman of the Israel Export Institute: "Export report data of 2016 show a positive trend in exports occurred this year. The decline in exports was recorded this year was balanced thanks to the rapid growth trend in exports of computer services and software, which has contributed to the continued increase in exports Hhii- tech Israeli exports in particular and in general. Given this trend, we expect that after several years of stagnation, the year 2017 will be a watershed year in exports, which exports will increase and strengthen the economy's growth rates in the coming years. "
http://www.calcalist.co.il/articles/0,7340,L-3704666,00.html
