Menu JTA Search

Rise in Israel’s Foreign Trade Deficit Reported; Export Increased

Israel’s foreign trade deficit increased by 6. 6 percent during the first nine months of this year, by comparison with the corresponding period of 1959, the Government Bureau of Statistics revealed today.

Imports during the first nine months of 1960 rose by 2.3 percent, increasing by 72,000,000 Israeli pounds ($40,320,000). Exports rose by 20 percent, increasing by 50,00,000 pounds ($28,000,000). Almost 90 percent of the increase in imports, the figures show, was due to larger imports in investment goods and raw materials.

More than 100,000 tourists visited Israel during the first 10 months of this year, according to official figures issued here today. The number is a record high for the period, and compares with 75,000 tourists who visited Israel during the period from January to October of 1959.