Israel’s exports increased more than 15 percent during the period from January to July of this year to a total of $157,200,000, compared with $135,000,000 for the same period last year, it was reported here today. Industrial exports accounted for 68 percent of the total while agricultural exports dropped from 37 to 32 percent.
Despite the spurt in exports, the country’s trade deficit increased by over $30,000,000 in the period to a total of $171,900,000. This was caused by a rise in imports from $273,000,000 last year to $324,700,000 during the first seven months of this year. The adverse trade balance was offset by the fact that there was a drop in imports of consumer goods with a rise in capital goods including $30,000,000 in ships and planes which were delivered during the period.
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