Diamonds, chemicals & telecommunication Israel’s top exports

The Central Bureau of Statistics (CBS) issued last week a report on the breakdown of Israeli exports in the period 2000-04. The report shows that Israel’s largest export sectors in the five years period were diamonds, chemicals and electronic communications equipment.
 
Exports to the US in 2004 including $7.3 billion worth of diamonds totaled $14.2 billion. While studying exports composition, excluding diamonds, the largest export sector to the US was chemicals and chemical products 13.8%. Other exports to the US were medical and scientific monitoring and supervision equipment 6.9% of all exports, excluding diamonds. Electronic communications equipment 4.8%, and textiles, clothing and leather 3.9%.
Pharmaceuticals exports to the US more than tripled from $309 million in 2000 to $987 million in 2004.
 
Israeli exports to the EU in 2004 totaled $10.7 billion excluding diamonds, the composition of exports to the EU was as follows: chemicals and chemical products - 19.7%; medical and scientific monitoring and supervision equipment - 7.3%; plastic and rubber products 6.9% and electronic communications equipment - 6.9%; machinery and equipment - 4.6%.
 
Exports to Asia, including $3.2 billion in diamonds, totaled in 2004, $7.1 billion. Export, excluding diamonds, show the following composition: electronic components - 13%; medical and scientific monitoring and supervision equipment 11.4%; electronic communications equipment - 8.4%; chemicals and chemical products 5.5%.  

The CBS's report also noted that export of electronic communications equipment as a proportion of total exports fell dramatically from 13% in 2000 to 7.8% in 2004, and electronic components also fell from 8.2% to 4.4%.