Israeli-Arab trade on the rise
Israel’s exports to Arab countries in the first quarter of 2001 jumped nine percent, compared with Q1 last year. According to the Israeli press, exports to Arab nations hit $33.45 million this quarter. Imports from Arab countries surged at an even greater rate of 29 percent to $15 million. Indirect trade totaled two million dollars in the first quarter, according to figures from the Manufacturers Association of Israel.
Exports to Egypt dropped plummeted 57 percent to $970,000. Exports to the North African nation of Tunisia fell 21 percent in the first quarter to $129,000.
Export of plastics products, machinery and machine tools, chemical products and food and agricultural produce, account for most of the trade volume. — (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)