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Israel Exports Increase; U. N. Report Shows Slight Decrease in Imports

Israel’s balance of trade–the difference between the value of exports and the value of imports–continues to be substantial on the side of imports, according to a UN survey on “Economic Developments in the Middle East 1957-1958.” However, a slight narrowing of the gap took place in 1958, the survey reveals.

“By 1957, the gap had widened to $296, 000, 000, an increase of $36, 000, 000 as compared with 1956. In 1958, imports went down slightly to $432, 000, 000 and exports rose to $146, 000, 000–narrowing the gap by $10, 000, 000, ” the UN report said.