Israeli Exports to EU and U.S. Down; Exports to Asia, Africa, and Latin America Up

(Israel Hayom) According to figures published Tuesday by the Israel Export Institute, during the first half of 2012 exports to the EU decreased 4%, while exports to Asia rose 14%, exports to Latin America grew by 9% and exports to Africa increased 6%. While exports to the U.S. fell 20%, this drop is accounted for by a sharp decrease in the export of pharmaceuticals (as a result of a change in Teva's target markets). Excluding this sector, exports to the U.S. increased by 3%. Israel's exports to Brazil grew 31%, exports to Russia rose 23%, and exports to Nigeria leaped 149%.


2012-10-04 00:00:00

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