In the first quarter of 2006, industrial exports (not including diamonds) to the United States increased by 9% for a total of $1.9 billion
In the first quarter of 2006, industrial exports (not including diamonds) to the United States increased by 9% for a total of $1.9 billion, says David Artzi, Chairman of the Export Institute, based on data analysis performed by the institute’s Division of Planning and Economy.
The Export Institute notes that the rise in exports to the US stems primarily from the economic boom that prevailed in the US until recently, mainly in high-tech related fields.
The Export Institute estimates a rise of 10% in industrial exports to the US in 2006, for a total of $8.3 billion.
The Export Institute states that this year it is initiating and organizing widespread activity in the US to help increase exports and strengthen the presence of Israeli exporters there. They are assisting 190 exporters in planning participation in 14 different trade shows throughout the United States; and sending 11 delegations composed of 125 exporters to business meetings in the US.
Data analysis conducted by the Export Institute’s Division of Planning and Economy indicates a 19% increase in high-tech exports to the US during the first quarter of 2006, in comparison with the identical period last year, for a total of $1 billion. (High tech exports include: pharmaceuticals, the export of which to the US rose by 41.3% for a total of some $439 million; office and computer machinery; electronic components; telecommunications equipment; home-consumer electronics equipment; ** equipment for control and optic devices; medical and surgical equipment; and test, measurement and navigation equipment.) There was also a 15% decrease in the export of textiles, clothing and other items for a total of $127 million; and a 16% increase in the export of base metals and metal products for a total of $117.5 million.
The Export Institute notes that the first quarter of 2006 showed a 10% decrease in chemicals and refined oil exports for a total of $148 million. The export of rubber and plastic products to the US dropped by 7%, coming to $101.5 million. Food and beverage product decreased by 14%, for a total of $31 million.
