ICIC: Exports to politically high risk countries up

The ICIC extends credit facilities to Israeli exporters active in 115 countries, to the level of US$9 billion annually
 
David Milgrom, CEO of the Israeli Credit Insurance Company (ICIC) said last week that the scale of Israeli exports to countries with medium or high political risks grew at a rate faster than exports in general.
 
In a written statement issued by ICIC Milgrom noted that " Israeli exporters are exposed to significant political risks, which could cause great harm".
 
The ICIC extends credit facilities to Israeli exporters active in 115 countries, to the level of US$9 billion annually. Out of the 115 countries 39 countries to which the company extends credit facilities to the level of $1.5 billion, are regarded as most politically unstable countries .
 
In a detailed report the ICIC outlined the most prominent countries which constitute high political risks:
Russia to which annual exports stands at US$550 million; Ukraine US$120 million; Jordan US$150 million; Egypt US$140 million; Argentina US$90 million; Costa Rica US$85 million; Kazakhstan US$70 million; Vietnam US$40 million; Kenya US$55 million.
 
Exports to medium-risk countries include:
China to which annual exports stands at US$1 billion; Turkey US$1 billion; India US$550 million; Brazil US$510 million; Mexico US$315 million; Romania US$220 million.