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Israel’s YTD Polished Exports Slump 21%, Rough Imports Dive 30%
Nov 4, 2015 12:54 AM
By Rapaport News
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RAPAPORT... Israel’s
polished exports dropped 21 percent to $3.9 billion in the first nine months,
according to the nation’s Ministry of Industry, Trade and Labor.
Polished
imports for the same period declined 20 percent to $2.6 billion. Net polished
exports, representing exports less imports, slid 22 percent to $1.4 billion.
In
volume terms, polished exports fell 10 percent to 1.8 million carats, resulting
in a 12 percent reduction in average price to $2,229 per carat.
Polished
exports to the U.S. dropped 20 percent to $1.5 billion. Hong Kong was down 26
percent to $1.1 billion, Belgium fell 16 percent to $351.6 million, Switzerland
lost 4 percent to $295.9 million and exports to France fell 44 percent to $77.2
million.
Rough imports for the year to September dived 30 percent to $2.1
billion and rough exports dropped 30 percent to $1.7 billion. Consequently, net
rough imports, representing imports less exports, slumped 31 percent to $400
million. Israel’s net diamond account, the difference between net imports of
rough and net exports of polished, fell 18 percent to $965 million.
Meanwhile,
polished diamond exports in September fell 40 percent year on year to $368.7
million and polished imports declined 42 percent to $224.4 million.
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Tags:
data, exports, imports, Israel, Rapaport News
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