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Israel’s Trade Deficit Growing, Government Office Reports

The Israel trade deficit was 34 percent higher for the first five months of 1952 than for the parallel period of 1951, it was revealed here today in reports of the government Statistics Office.

Imports requiring the expenditure of foreign currency for the same period were 42 percent greater than for the corresponding period of 1951. Imports for the January-May period of 1952 totalled 52,600,000 pounds–some 10,000,000 pounds over last year–while exports declined from 10,300,000 pounds to 9,500,000.