2005 - industrial exports to the US up 8%

Mr. Yechiel Assia, director general of the Israel Export and International Cooperation Institute said last week in a press release that industrial exports to the US, excluding diamonds, rose last year by 16% to $6.9 billion.
 
Food exports rose by 37% to $111 million, pharmaceuticals by 30% to $977 million and High-tech exports by 13% to $2.9 billion. Rubber exports rose 10% to $387 million, chemicals 20% to $963 million, textiles 9% to $552 million, and machinery 23% to $327 million.
 
Assia predicted also that 20 years after the USA and Israel signed a free-trade agreement, Israeli exports to the US in 2005 will rise by up to 8% to $7.4 billion. Mr. Asia said that Israel Export and International Cooperation Institute was planning to send this year 12 delegations of exporters to the US, and will continue assisting homeland security companies.