Israel’s Exports To Hit Record $114 Billion This Year, Led By High Tech

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Despite the onslaught of attacks and slanders from the Left, Israel is thriving like never before. The greatest weapon against the neo-Nazi BDS Movement is Israeli technology and innovation. #BDSFail!

Related: 9 Israeli inventions find place in TIME magazine’s 100 Best Inventions for 2019

Related: Tourism to Israel: On course for a record breaking 2019!

Israel’s Exports To Hit Record $114 Billion This Year, Led By High Tech

The Economy Ministry said the increase this year stems mostly from a nearly 12% rise in services exports, with growth led by the high tech sector such as software, computing and research and development services.

By NDTV, November 24, 2019:

JERUSALEM: Israel’s exports, a key economic growth driver, are expected to grow to a record $114 billion in 2019 from $109 billion last year, government data showed on Sunday.

According to the Central Bureau and Statistics and Economy Ministry, Israeli goods and services exports stood at $84 billion over the first nine months of the year, up 4.6% from January-September 2018.

The Economy Ministry said the increase this year stems mostly from a nearly 12% rise in services exports, with growth led by the high tech sector such as software, computing and research and development services.

The gain in services has more than offset weakness in goods exports, which have been hurt this year by slowing global trade, a weak diamond market, and a strong shekel currency.

 

 

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