April-May 2005 - Industrial exports up 4%

The monthly average industrial exports, excluding diamonds, rose 4% to $4.2 billion in real terms, compared with the average in the first quarter. Total exports, however, fell by 2% in the first quarter
04.07.05 / 00:00
Shraga Brosh, Manufacturers Association's presiden
04.07.05
Shraga Brosh, Manufacturers Association's presiden
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Manufacturers Association of Israel (MAI ) president Mr. Shraga Brosh said last week in a press release that in April-May 2005, the monthly average industrial exports, excluding diamonds, rose 4% to $4.2 billion in real terms, compared with the average in the first quarter. Total exports, however, fell by 2% in the first quarter.
 
Brosh noted that in April-May high-tech exports were up 10%, after growing 1% in the first quarter.
 
Brosh emphasized, however, that the most important factor in the export increase was a surge in exports of aircraft, together with a sharp rise in exports of communications, control equipment, medical equipment and drugs.
 
Exports of electronics components, on the other hand, dropped 1.5%.
 
A monthly breakdown (excluding diamonds) by geographical destinations made by the MAI shows that exports to the US were up 5.4% in dollar terms, compared with a 4% slide in the first quarter.

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