Exports by Israel's 100 largest exports totaled $5.53 billion in the third quarter of 2009, similar to the preceding quarter, but 23% less than in the corresponding quarter of 2008, the Ministry of Industry, Trade and Labor reported today.
A breakdown of exports by region showed a 13.8% increase in exports to North America in the third quarter, compared with the second quarter, following a 21.9% increase in exports in the second quarter compared the first quarter.
Exports to Asia rose by 17.9%, but exports to Europe fell by 7.1%.
Mixed-low technology exports rose by 17.6% to $1.04 billion in the third quarter, compared with the preceding quarter. Exports of the other technology groups (high tech, mixed-high tech, and low technology) were unchanged or fell.
Exports fell by 27% from $7.55 billion in the second quarter of 2008, when the downturn in exports began, through the third quarter of 2009.
The growth trend in exports by large exporters (companies with more than 1,000 employees) continued. Exports rose by 3.3% in the third quarter, compared with the preceding quarter, following a 21% increase in the second quarter compared the first quarter.
The Ministry of Industry's Research and Economics Administration analyzes exports by technology group, trade blocs, target countries, and by size of exporter. The ministry has been publishing a quarterly index for the past three years.
Published by Globes [online], Israel business news - www.globes-online.com
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