Israeli trade with the EU, excluding diamonds, rose by 8.3% in the first half of 2005, to $11.19 billion. The Federation of Israeli Chambers of Commerce today published a study, based on Central Bureau of Statistics figures, showing that the EU accounted for 37% of Israel’s total foreign trade.
Israeli imports from the EU rose by 6.3%, or $390 million, in the first half of the year to $6.6 billion. Imports from Belgium rose by 28%, from the Netherlands by 27%, and from Italy by 17%. Imports from Germany fell by 10%.
Israeli exports to the EU rose by 11.2%, or $466 million, in the first half of the year to $4.6 billion. Exports to Spain rose by 19%, to the UK by 13%, and to the Netherlands by 12%.
Published by Globes [online], Israel business news - www.globes.co.il - on July 26, 2005
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