Israeli exports to Arab states up by 68%
Israeli exports to Iraq, consisting mostly of security and consumer products for the US Army, amounted to $2.5 million in the first half of 2004. All in all, exports to Arab states reached $85 million in the said period, up 68%, compared with the corresponding period last year, official Israeli data indicated.
Israel Export and International Cooperation Institute said the growth in exports to Arab countries was due mostly to increased exports to Jordan and Egypt.
The figures did not include $6 million in indirect exports to Arab countries through third parties, as part of joint projects between Israeli and Arab companies.
According to Globes, imports from Arab countries grew 27% to $42 million in the first half of the current year.
Exports to Jordan grew 68% to hit $64 million, and imports from Jordan went up by 23% to $25.5 million. Exports to Egypt were up 40% to $14 million, while imports from Egypt grew 35% to $15 million. (menareport.com)
© 2004 Mena Report (www.menareport.com)