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Israel's Polished Exports -17%, Rough Imports -21%
Jul 7, 2015 8:18 AM
By Ronen Shnidman
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RAPAPORT... Israel's polished diamond exports fell 17 percent year on year to $2.975 billion and polished imports declined 21 percent to $1.793 billion, during the first six months of the year, according to Israel's Economy Ministry. As a result, the country's net polished exports, representing exports less imports, dropped 16 percent to $1.182 billion.
The U.S. remained the largest destination market for Israel's polished diamonds, receiving 44 percent by value. The second largest market was Hong Kong, which received 31 percent of Israel's polished exports, followed by Switzerland with 10 percent share.
Rough diamond imports to Israel declined 21 percent to $1.623 billion during the first half and rough exports dropped 22 percent to $1.361 billion. Consequently, net rough imports, representing imports less exports, slid 15 percent to $262 million.
During the period, Israel's net diamond account, the difference between net imports of rough and net exports of polished, declined 17 percent to $920 million.
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Tags:
Economy Ministry, Israel, net diamonds account, Ronen Shnidman, statistics
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