CBS: Exports to US in June-August up annualized 42%

Exports in January-August 2006, excluding diamonds, totaled $19.9 billion. Imports from the US were up by an annualized 18%, imports from the EU were up by 15%
 
The Central Bureau of Statistics (CBS ) reported last week that the second Lebanon war had only a minor effect on Israeli exports. According to data released last week, related to the period June-August 2006, exports, excluding diamonds, rose by an annualized 13%.
 
In the three months period June-August 2006 exports to the US were up by an annualized 42%, exports to the EU were up by an annualized 16.8%, and exports to Asia were up 22%, however, exports to the rest of the world were down 14%.
 
Exports in January-August 2006, excluding diamonds, totaled $19.9 billion. Main export markets were as follows: export to the EU - 34%; US -31%; Asia - 15%; the rest of the world - 20%.
 
Imports according to the CBS were not much affected by the war. Imports in June-August, excluding diamonds and fuel, were up by an annualized 17%.
 
Imports from the US were up by an annualized 18%, imports from the EU were up by 15%, imports from Asia were up 5%, and imports from the rest of the world were up 4%.
 
Imports in January-August 2006, excluding diamonds, totaled $25.9 billion. Main import countries were as follows: from the EU - 37%; Asia - 19%; US - 13%; and the rest of the world - 31%.
 
As far as trade surplus, the CBS noted that in January-August 2006 Israel had a balance of trade surplus with the US of $2.7 billion, however Israel had trade deficits of $2.8 billion with the EU, $1.9 billion with Asia, and $2.9 billion with the rest of the world.