NEW DELHUI: Exports of goods, excluding ships, planes, and diamonds, were down by an annualized 9.7% in March-May, according to figures published today by the Central Bureau of Statistics.
This is a reversal of the upward trend that saw exports of goods rise by an annualized 6.8% in December 2014-February 2015. The steepest fall was in chemicals and chemical products, in which the value of exports was halved, compared with the three preceding months. The Central Bureau of Statistics reported that exports of goods in May totaled NIS 18.8 billion.
High-tech exports, which account for half of all industrial exports, excluding diamonds, continued their upward path with a 17.5% annualized rise in March May. Here, too, however, the performance was poorer than in the three preceding months, when high tech exports surged by an annualized 52.0%.
Mixed technology exports, which account for 31% of all industrial exports, plunged by an annualized 39.7% in March-May, an average of 4.1% per month, following an annualized 27.3% decline in December 2014-February 2015 (an average of 2.7% per month).
A breakdown of exports into branches shows an annualized 50% drop in exports of chemicals and chemical products in March-May (an average of 5.6% a month).
