The expected growth will put the total number of imports for 2006 at $5.9 billion, an increase of $590 million over 2005
The Federation of Israeli Chambers of Commerce (FICC) said last Wednesday that imports in consumer goods and durable products will increase by 11% this year due to weakness in the US dollar.
FICC chief economist, Israela Mani, predicted that The expected growth will put the total number of imports for 2006 at $5.9 billion, an increase of $590 million over 2005.
Mani arrived at the forecast after comparing the first three quarters in 2005 with the same period in 2006, during which imports increased by 9%. She added that in addition to the decline in the US dollar, the rise in personal income contributed to the increase.
The study also noted that the growth in 2006 reflects a 12.4% increase in consumer products such as medicines and apparel, as well as a 10% increase in durable goods, household appliances & electronic products.
Weak dollar – FICC sees 2006 imports rising
The expected growth will put the total number of imports for 2006 at $5.9 billion, an increase of $590 million over 2005
18.12.06 / 00:00
•
More articles that may interest you
Car imports up 13% in November 2005
Export to Arab countries slows down
NIS 160m. to be raised to help new Arab businesses
Israel’s pharmaceutical exports up 50% during January-September
Dollar exchange rate falls below NIS 4.20
BioPetroClean: First Commercial Installation For Israeli Pipeline Company
More news from Industry & Trade Section
>CBS: unemployment rate lowest in 12 years/04.12.06
>Pharmaceuticals exports: 5.1% of Israel's Total Exports/04.12.06
>Last week’s general public strike has been estimated to cost NIS 350m.-500m./04.12.06
>CBS: In 2005 Israel’s population grew to 7 Million/04.12.06
>Export growth slowed down considerably in Aug-Oct 2006/27.11.06
>Tax Commissioner: 2006 will be a record year for state revenue/27.11.06
>Olmert: "For the first time - Israeli exports will be greater than Israeli imports"/27.11.06
>Customs seized 130 louis Vuitton Counterfeited items/27.11.06
>CBS: Economy shrank by 1.4% in Q3/20.11.06
>CBS: Israel’s trade deficit stable at $6.66 billion/20.11.06