CBS: May - July high-tech leads exports rise

Port2port News Service
Aug 16, 2010

Breakdown by economic activity points to a rise of 131.6% in exports of pharmaceutical products. Exports of medium-high technology industries totaled $1.0B in July 2010

The Central Bureau of Statistics reported last week that despite concerns of a slowdown in the global economic recovery, and worries about political factors affecting Israeli exports, exports rose in May-July 2010.

The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, point to a rise of export of goods (excluding diamonds) of 14.5% and import of goods (excluding ships, aircraft, diamonds and fuels) point to a rise of 8.2%, at an annual rate, during May –July.

In July 2010, manufacturing exports (excluding diamonds) constituted 83% of all export of goods. Export of diamonds constituted 16%, and the remaining 1% was agricultural exports.

Distribution of manufacturing exports by technological intensity (excluding diamonds), indicates that high technology industries (53% of total manufacture exports) totaled $2.0B in July 2010.

Trend data of exports by high technology industries points to a rise of 51.0%, at an annual rate. Breakdown by economic activity points to a rise of 131.6% in exports of pharmaceutical products.
Exports of medium-high technology industries (28% of total manufacture exports) totaled $1.0B in July 2010. Trend data of exports by medium-high technology industries point to a drop of 15.7%, at an annual rate, in May-July. Breakdown by economic activity points to a drop of 11.7% in exports of chemicals (excluding pharmaceutical products).

Exports of medium-low technology industries (14% of all manufacture exports) totaled $0.5B in July 2010. Trend data of exports by medium-low technology industries point to a drop of 12.9%, at an annual rate, in the last three months. Breakdown by economic activity points to a drop of 45.3% in exports of mining and quarrying.

Exports of low technology industries (5% of all manufacture exports) totaled $0.2B in July 2010. Trend data of exports by low technology industries point to a rise of 8.0% at an annual rate, in May-July 2010. Breakdown by economic activity points to a riseof 18.2% in exports of food and beverages products.

Export of diamonds (polished and rough) in January-July 2010 totaled $5.3B (3.0B in January-July 2009).

Agricultural exports in January-July 2010 totaled $916M (temporary data). Exports of fruits rose by 26.5% at the same period. Import of goods, in current prices in U.S. dollars, totaled – as mentioned - $4.9B.

A breakdown of the data of import by use indicates that in July 2010, 37% of total imports were import of raw materials (excluding diamonds and fuels); 15% was consumer goods; 14% was machinery, equipment and land vehicles for investment, and the rest diamonds, fuels, ships and aircraft.

Import of raw materials (excluding diamonds and fuels) in July 2010 totaled $1.8B. Trend data reveals that in May -July, import of raw materials point to a rise of 7.6% at an annual rate. A breakdown by groups of import of raw materials in the last three months, points to a rise of 67.9% in the import of inputs for paper industry.

Import of consumer goods in July 2010 totaled $0.7B. Trend data indicates that in the last three months, import of consumer goods rise by an annual rate of 6.3%. Import of non-durable goods rose, by an annual rate of 11.2% during the last three months. Most of the rise was recorded in import of household utensils (19.1%). Import of durable goods, point to a drop of 2.6% by an annual rate.

Import of investment goods (excluding ships and aircraft) in July 2010 totaled $0.7B. In May-July, import of investment goods rose by an annual rate of 5.8%. A breakdown by groups points that import of machinery and equipment point to a rise of 16.8% in the last three months.

Import of diamonds (rough and polished) in January-July 2010 totaled $4.3B. During the same months in 2009 the import of diamonds totaled $2.2B.

Import of fuels (crude oil, distillates and coal) in January-July 2010 totaled $6.1B a rise of 46.9% comparing to the same months of the previous year.