CBS: Q2 - Industrial exports up 19.5%

In a detailed report the CBS noted that high-tech output rose by an annualized 14.7%. High tech exports rose by 29%
 
The Central Bureau of Statistics (CBS ) informed last week that economic indicators for the three months period April-June 2006 point at a relatively high rate of economic growth.
Exports, excluding diamonds, rose by an annualized rate of 18.3%, while imports of raw materials rose by an annualized rate of 11.6%.
 
In a detailed report the CBS noted that high-tech output (pharmaceuticals, electronics and avionic equipment) rose by an annualized 14.7%. High tech exports rose by 29%.
Imports, excluding diamonds, rose in April-June 2006 by 8.1%.
 
Following the release of CBS's indicators, the Export Institute director general Yechiel Assia said that Israel’s industrial exports to Asia, excluding diamonds, rose by 12.5% in the first half of 2006, compared with the first half of 2005, to $2 billion.
 
He added that prediction made by the Export Institute show that industrial exports to Asia, excluding diamonds, will grow 10% in 2006 to $4.4 billion, because of expanded demand in Asian counties. According to the economic department of the Export Institute export to Far Eastern countries in the first half of 2006, was as follows:
Exports to South Korea was up 42% to $268 million. Exports consists mostly of  electronics components and measuring, testing and navigation equipment.
 
Exports to China was up 24% to $370 million, consisting mostly of electronic components and telecommunications equipment.
 
Exports to Japan was up 22% to $334 million, consisting mostly of measuring, testing and navigation equipment and chemicals.
 
Exports to Singapore was up 22% to $183 million, consisting mostly of electronic components and measuring, testing and navigation equipment.
 
Exports to Hong Kong was up 16.5% to $140 million, consisting mostly of machinery and measuring, testing and navigation equipment.
 
Exports to Taiwan was up by only 4% to $325 million, consisting mostly of electronics components, measuring, testing and navigation equipment.