Israeli exports to U.S. top those to EU for first time since 2010

08.10.2012                      22.Tischrei. 5773                      Schmini Azaret

Wirtschaft:

Israeli exports to U.S. top those to EU for first time since 2010

Israel's total exports around the world, excluding diamonds, came to $7.7 billion in July and August.

Israeli exports to the United States exceeded exports to the European Union for the first time since 2010, according to the July-August figures released by the Israel Export Institute. In that two-month period the United States accounted for $2.2 billion or 29% of Israel's total exports, whereas the European Union total came to $1.9 billion. The EU sum was 21% less than the same period last year and 6% lower than May-June of 2012, on a seasonally adjusted basis. Exports to the U.S. during the same period last year amounted to only 24% of the total. A portion of the jump can be accounted for by the export of U.S.-bound pharmaceutical products, notably by Teva Pharmaceutical….