The year 2016 saw a gradual improvement in exports. This was primarily evident in exports of services sector, which resumed growth at an accelerated pace, while towards the fourth quarter of 2016, industrial exports joined the trend.
In summary, exports rose to a total of $96 million, up 3% from 2015. An analysis of export data for the first two quarters of 2017 points to an accelerated upward trend. In the first half of 2017, Israeli exports of goods and services rose 6% compared to the first half of 2016, totaling $50 billion. Exports of goods rose 4% in dollar terms, owing to the growth in industrial exports. At the same time, the accelerated growth in services exports continued in the first half of 2017 – during this period exports of services rose by 8%, mainly owing to the continued growth in high tech services and the rose in tourism exports.