Israel’s Trade Gap Rises As Capital Goods Imports Increase

JERUSALEM (Nov. 23)

Israel’s foreign trade deficit increased by $31,000,000 to a total of $174,000,000 for the first six months of 1961, compared with $143,000,000 for the same period last year, it was reported here today.

The report showed that the increase in Israel’s foreign trade gap was due to a rise in the imports of capital goods, especially ships and aircraft, which totaled $41,000,000 in the period compared with only $8,000,000 during the first half of 1960.