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Israel Reports Record Foreign Investments in First Five Months of Year

Israel recorded an all-time high for capital investments during the first five months of 1960 when a total of more than $48, 000, 000 was invested in 227 enterprises. This compared to a total of $15, 000, 000 invested in the same period of 1959 in 79 projects.

The United States remained Israel’s number one supplier but slipped from second to third place as purchaser of Israeli products during the first five months of this year. West Germany displaced the United States as second biggest customer of Israel. The United Kingdom, which takes nearly a fourth of all Israel’s exports, remained in first place.

Israel’s imports during the five-month period totaled 358, 000, 000 pounds ($199, 000, 000)–an increase of 40,000,000 pounds over 1959.

Exports reached 192, 000, 000 pounds ($106,667, 000)–an increase of 27, 000, 000 pounds over 1959.

The relative volume of imports was unchanged, the increase in amount being occasioned by increases in the cost of imported raw materials and by capital investments. The increased export figure was due largely to a spurt in the export of polished diamonds, textiles, and industrial and agricultural products.

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