Economy and Trade Ministry’s Foreign Trade Administration reports Israel’s trade deficit amounted to $2.3 billion in 2013 compared to 2012’s $8.5 billion.
High-tech industry accounts for 81% of Israel’s industrial exports for 2013.
A new report by the Economy and Trade Ministry had found that Israel’s trade deficit has marked a sharp decline in 2013, after rising steadily between 2010 and 2012, coming to $2.3 billion at the end of 2013 from $8.5 billion in 2012.
The report, composed by the ministry’s Foreign Trade Administration and released Sunday by its chief, Ehud Gonen, found that the trade in goods and services rose by 4 percent in 2013, mainly in industrial exports by the high-tech industry, which accounted for 81% of all industrial exports in 2013.
Continue reading, go to:
View original Israel Hayom publication at: http://www.israelhayom.com/site/newsletter_article.php?id=16175