Israel Export Institute: in 2005 Exports to EU will rise 12%

Shraga Brosh, Chairman of the Israel Export and International Cooperation Institute predicted last week that Israeli exports to the EU will rise by 12% in 2005, following a 6.5% rise in industrial exports, excluding diamonds, in the first quarter of the y
23.05.05 / 00:00
Shraga Brosh, Chairman of the Israel Export and In
23.05.05
Shraga Brosh, Chairman of the Israel Export and In
•

Shraga Brosh, Chairman of the Israel Export and International Cooperation Institute predicted last week that Israeli exports to the EU will rise by 12% in 2005, following a 6.5% rise in industrial exports, excluding diamonds, in the first quarter of the year.
 
Brosh noted that Israeli exports to the EU totaled $2.3 billion in the first quarter. He also explained that exports to the EU have been affected by the EU expansion last year as well as by a 4.6% appreciation of the euro against the dollar, compared with the first quarter of 2004.
 
Brosh predicted that further strengthening of the euro and recovery by high-tech sectors will probably reduce Israel's trade deficit with the EU. However, he warned that greater competition within the EU caused by its expansion was liable to adversely affect Israeli exporters.
 
In a press release the Israel Export and International Cooperation Institute said that Exports, especially of telecommunications equipment, to Lithuania, Sweden, Slovakia, and Portugal have grown. On the other hand Israeli imports from the EU, excluding diamonds, rose by 7% in the first quarter to $3.3 billion.

More articles that may interest you
The Central Bureau of Statistics ( CBS) reported last week, on the eve of Israel's day of independence, that the national spending on civilian research and development (R&D) in Israel totaled last year NIS 25.6 billion
CBS :In 2004 Israel ranked first in R&D spending as proportion of GDP
On the eve of Israel’s 57th Independence Day, celebrated last week, the economic department of the Manufacturers Association of Israel (MAI) announced that Industrial exports, excluding diamonds, had grown 4,700-fold, from $5 million in 1948 to $23.6 bill
Since 1948 Exports Up 4,700 - Fold And Population 8.5-Fold
Mr. Yechiel Assia, director general of the Israel Export and International Cooperation Institute said last week in a press release that 731 Israeli companies currently operate in China. Assia noted that in 2005, 96 new Israeli firms entered the Chinese ma
Export Institute: 96 Israeli firms entered China in 2005
Analysis made by the planning, control and economic research department of the Israel Export and International Cooperation Institute and published last week showed that Industrial exports to the USA, excluding diamonds, rose by 9% to $3.6 billion in the f
Q1: exports to USA up 9%
On the eve of Israel’s 57th Independence Day the Israeli Credit Insurance Company ICIC said that, based on figures published by D&B, some 2,500 subsidiaries of Israeli firms operate worldwide
ICIC : In 2005 - 2,500 Israeli subsidiary firms operate worldwide
The new Jubilee container port in Ashdod was handed over last week by Israel's Ports and Assests company to the port of Ashdod and started trial operations. In a ceremony held at the port with the participation of Mr. Meir Shitrit, Minister of Transport,t
New Jubilee container port at Ashdod started trial operations
More news from Industry & Trade Section
>FICC - Bureaucracy worst enemy to business/16.05.05 >Eve of 57th Independence Day: 6.9 million residents in the state of Israel/16.05.05 >BDP International strengthens foothold in Israel/16.05.05 >Industrial R&D agreement signed between Turkey and Israel/09.05.05 >1Q - Trade with Asia up by 15%/09.05.05 >USTR : Israel violate intellectual property rights/09.05.05 >Israel-Bulgaria Chamber of Commerce: Bulgarian economic attachי to return/02.05.05 >Lynn : bilateral trade with Palestinians 37% up/02.05.05 >Israel's 2004 Trade with Russia $550m, energy products $1.5b/02.05.05 >Brosh : drop in exports sharpest in 3.5 years/02.05.05