Economic Unit - Summaries

Israeli exports maintained their high volume compared with the global trend. A dollar decrease of 1% in exports of goods and services in 2020; Excluding exports of tourism and transportation services that were affected globally, Israeli exports increased by about 4% this year. Export growth forecast for 2021: a dollar increase of 7%.

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The Media Line 15.10.2020

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Over the last decade Israeli exports of goods (excl. diamonds) to Sub Saharan countries fell steeply from USD 1.1 million to USD 0.6 million, while Israeli exports grew by 30% .

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Top 20 Israeli fashion designers presented their new collections in "Tel Aviv Fashion Week".

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Israeli Exports by International Comparison

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In 2017 global trade, which stagnated in the last few years, recorded a significant improvement. Overall in 2017, global trade leaped from a growth rate of 2.2% to an impressive 5.1%.

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"Consistent with the upturn trend in global trade and in line with the IEI's Economic Unit's forecast, 2017 ended with a noteworthy 6% growth in exports of goods and services, which amounted to a record US$102 billion.

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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.

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