Israeli exports, led by high tech sector, to hit record highs of $114 billion in 2019

Israel’s exports are expected to grow to a record $114 billion in 2019 from $109 billion in 2018.

Over the first nine months of this year, Israel’s exports of goods and services stood at $84 billion, already up 4.6 percent from January-September 2018 results, according to the Central Bureau and Statistics and Economy Ministry.

Exports account for around 30% of the economic activity of Israel – vital part of Israeli economic force.

This year’s already 12% increase mainly exports of high-tech services, research and development, have more than balanced the weakness in stagnating global trade, a weak diamond market, and a strong shekel.

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