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Israel's Polished Exports Fall 30% in 1Q
Apr 2, 2015 5:53 AM
By Deena Taylor
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RAPAPORT... Israel’s polished diamond exports fell 30 percent year on year to $1.61 billion in the first three months of 2015, according to data published by the Economy Ministry. By volume, polished exports fell 24 percent to 622,679 carats.
Israel’s polished imports declined 12 percent to $904 million during the period. The country’s net polished exports, representing exports minus imports fell 44 percent to $706 million.
Rough diamond imports to Israel fell 23 percent to $827 million, while the volume of imports fell 20 percent to 2.168 million carats. Rough exports decreased 23 percent to $694 million and net rough imports, representing imports minus exports, increased 22 percent to $133 million.
During the period, Israel's net diamond account, which represents total exports of polished and rough minus total imports grew 50 percent to $573 million.
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Tags:
Deena Taylor, exports, imports, Israel
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