Economic Unit - Summaries

Exports of goods and services rose by 7% in dollar terms, to USD 110.6 billion. The increase in exports was mainly attributable to accelerated growth in services exports in general, and high-tech services in particular – in line with the trend of the last few years.

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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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