Exports of textiles, wearing apparel & leather drop by 6.1%

01 Aug '08

5 min read

• In 2007, the deficit in the balance of manufacturing commodities (excluding diamonds), growth by 5.5 billion dollars compared with 2006 and totaled 10.9 billion dollars.

• In 2007, the surplus of in the balance of high technology industries totaled 5.4 billion dollars, a drop of 20% compared to 2006.

• The surplus in the control and supervision industry grew by 19% compared with 2006.

• In 2007, the surplus in electronic communication equipment totaled 800 million dollars (1,920 million dollars in 2006)

The Central Bureau of Statistics has completed the classification of imported commodities by industry for 2007, and has summarized them according to technological intensity. A detailed analysis of the balance trade by technological intensity is possible adding together the data on exports.

The Commercial Balance Sheet, by Technological Intensity
In 2007, the deficit in the balance of manufacturing commodities (excluding diamonds) was 10.9 billion dollars, compared with a deficit of 5.4 billion dollars in 2006, 6.1 billion dollars in 2005, and 6.8 billion dollars in 2004 (see table 3).

The deficit, excluding diamonds, ships and aircraft, and freight vehicles, was 7.7 billion dollars in 2007 – 3.6 billion more than in 2006, and the highest there was in 2000-2007 period. It should be noted that the data do not include trade between Israel and the Palestinian Authority. In addition, the data do not include imports and exports of services (including software services).

The rapid development of high technology industries that characterized the last years, and the pharmaceutical industry in particular, stopped in 2007. It is reflected on a drop in the trade surplus compared to year 2006: 5.4 billion dollars in 2007 compared to a surplus of 6.7 billion dollars in 2006.

In all high-tech industries a surplus was recorded in the trade balance, except for office and computers equipment. In 2007, the largest surplus was recorded in equipment for control and supervision – 2.7 billion dollars (compared with 2.3 billion dollars in 2006). In electronic communications equipment, the surplus was 0.8 billion dollars in 2007 (1.9 billion dollars in 2006).

In 2007, the surplus in pharmaceuticals comprised 42% (2.2 billion dollars) of the surplus recorded in the balance of high-technology industries, compared with 2.2% (67 million dollars) in 2001.

In medium-high technology industries, the trade in commodities deficit amounted to 6.0 billion dollars, compared with 4.8 billion dollars in 2006 and 5.0 billion dollars in 2005. The largest deficit was recorded in the motor vehicles industry (3.2 billion dollars). The deficit in this industry comprised 30% of the total deficit in the import-export deficit for manufacturing (excluding diamonds). In addition, in the chemicals and refining petroleum (excluding pharmaceutical products) industry there was a deficit of 1.1 billion dollars in 2007.

More Textiles News - Israel...