Figures published by the Israel Export and Industrial Cooperation Institute show that the rising trend in exports of goods from Israel continued in November 2016-January 2017. Exports of goods, excluding diamonds, totaled $12.3 billion during this period, 2% more than in the corresponding period in the preceding year. Excluding the sharp downturn in exports of electronic components over the past three months, Israeli exports rose 9%.
The increase in exports of goods in November 2016-January 2017 follows a 1.8% rise in July-October 2016. The Export Institute says that the trend continued in November 2016-January 2017, with key export sectors substantially increasing their volume of activity. Pharmaceutical exports were up 8% to $2 billion during this period, and exports of electronic and computer equipment and optical devices used for medical purposes shot up 46% to $2.8 billion.