Israel’s trade deficit doubled last year, from $1.37 billion in 1993 to $2.76 billion in 1994, the Central Bureau of Statistics announced this week.
Imports of goods and services increased by some $3.6 billion during the period, the bureau said.
The significant worsening of the trade balance was said to have been due to a large increase in the purchases of consumer products by Israelis.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.
