High-tech trade surplus rises 11%

The largest trade surplus was by the pharmaceuticals industry, which rose 45% to $3.2 billion in 2008 from $2.2 billion in 2007.

Israel's high-tech trade surplus rose by 11% to $6 billion in 2008 from $5.4 billion in 2007, the Central Bureau of Statistics reported.

Most high-tech sectors had a trade surplus. The largest trade surplus was by the pharmaceuticals industry, which rose 45% to $3.2 billion in 2008 from $2.2 billion in 2007. This surplus account for 52% of the total high-tech trade surplus in 2008, and offset declines in the surplus, and even deficits, by other high-tech sectors,

The trade surplus in the pharmaceuticals industry has improved steadily since 2001, when it was 2.2%, or $67 million.

The trade surplus of the electronics control and supervision equipment sector fell 7.4% to $2.5 billion in 2008, $200 million less than in 2007.

Published by Globes [online], Israel business news - www.globes-online.com - on July 22, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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