Israel’s Exports Totaled $280, 000, 000 in 1962; U.S. Largest Customer
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Israel’s Exports Totaled $280, 000, 000 in 1962; U.S. Largest Customer

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Israel has exported a total of $280, 000, 000 worth of goods during 1962, a 13 percent increase over the previous year’s total, Pinhas Sapir, Minister of Commerce and Industry, announced here today. Exports for 1963 are estimated to reach $341, 000, 000, a 22 percent increase over 1962, he said.

Mr. Sapir noted that $50, 000, 000 more in goods might have been exported last year were it not for high local demand and consumption. The chief cause of the high local demand, he said, was the large-scale conversion of foreign currency receipts from compensation and restitution funds into Israeli pounds.

The United States was Israel’s largest customer last year with Israeli exports to that country totaling $42,500, 000. England was next with $37, 000, 000 in imports and Germany third with $27, 000,000. Other leading purchasers of Israeli goods were Belgium, The Netherlands, Yugoslavia and Turkey in that order.

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