Israel’s trade deficit in 1961 increased by 20 percent over the previous year, to reach a total of $401,000,000, it was announced here today. The foreign exchange loss, was offset mainly by transfers of reparations from West Germany, grants from the United States, and receipts from public and private institutions abroad. An increase in foreign debts by $63,000,000 to a total of $710,000,000, also helped bridge the gap during the year.
The first four months of 1962 indicated a brighter outlook for the country’s economy, with a $10,000,000 increase in exports to a total of $114,000,000 for the period. There were appreciable increases in the overseas sales of citrus and industrial products, including finished diamonds.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
