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Israeli exports to Europe have "declined"

January 31, 2014 at 12:49 am

A study conducted by the Israel Export and International Cooperation Institute has revealed a decline in Israel’s exports to European countries compared to the past few decades. The results of the study were published on the Israeli website Globes, which specializes in economic issues. Whereas in the 1950s and 1960s Israeli exports to Europe made up around 70% of the country’s total exports, today that figure stands at 32%.

The report also noted that Israel is looking to new markets, with an increase in exports to Asia. In the 1950s, Asia accounted for just 1% of Israeli exports; today that figure is 24%. Nevertheless, the study stresses that North America and Europe are still the most important markets for Israeli products, with 33% of Israeli exports going to North America. A notable victim of the decline are Israeli “Jaffa oranges”, with fewer being exported.