Industrial exports continue to fall. From the worsening of current global crisis, in September, 2008, through April, industrial exports fell 17%.
The drop translates into lost export revenue of $6.5 billion.
The figures are based on a monthly export analysis by the Manufacturers Association of Israel.
The figures show that in March-April the pace of the drop in exports slowed. Industrial exports fell 4% compared with the monthly average in January-February, and fell 7.5% compared with the fourth quarter of 2008. Total industrial exports for March-April were about $5 billion.
Mixed high-tech exports fell 9% in March-April. The sector includes chemicals, which fell 19% in the period, and refined oil products. The sector has posted cumulative decline of 30% in exports in 2009. High-tech exports fell 2% in March-April, after rising 10% in the first two months of the year. Avionics exports fell 37%, and pharmaceuticals exports fell 11%. Both those sectors showed export growth in the first two months of the year.
Published by Globes [online], Israel business news - www.globes-online.com - on June 9, 2009
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