Business
21:23, 07-Oct-2018
Israeli exports to China up 62.7% in first eight months of 2018
Updated
21:13, 10-Oct-2018
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The export of Israeli goods to China surged 62.7 percent in the first eight months of 2018 in comparison with the same period in 2017, according to Foreign Trade in Goods report published on Sunday by the state's Bureau of Statistics.
During this period (January-August 2018), Israeli exports to China totaled 3.489 billion US dollars, compared to 2.144 billion U.S. dollars in the first eight months of 2017 and 3.31 billion US dollars in all of 2017.
The data also show that in August 2018 Israeli exports to China totaled 291 million US dollars, compared with 265 million US dollars in August 2017, an increase of 9.8 percent.
Israeli imports from China rose by 9.9 percent in January-August, totaling 4.893 billion US dollars, compared with 4.45 billion US dollars in the same period in 2017.
In August 2018 Israeli imports from China totaled 711.9 million US dollars, compared with 640.8 million US dollars in 2017, an increase of 11.1 percent.
Exports of Israeli goods worldwide, excluding diamonds, totaled 3.91 billion US dollars in August. 37 percent of the amount was to EU countries, 24 percent to the US and 19 percent to Asian countries.
Israeli imports totaled 6.8 billion US dollars in August. 41 percent of total imports came from EU countries, 16 percent from the US and 23 percent from Asia.
The Israeli deficit in trade of goods amounted to 2.89 billion US dollars at that month.
In June-August there was an increase of 7.3 percent in Israeli imports, on an annual calculation, and an increase of 3.6 percent in exports.
Source(s): Xinhua News Agency