|
|
Israel’s Polished Exports Drop
Aug 28, 2017 4:26 AM
By Rapaport News
|
|
|
RAPAPORT... Israel’s diamond trade slowed in the first half of the year,
according to data the Economy and Industry Ministry released last week.
Exports of polished diamonds declined 3% to $2.55 billion
excluding returned goods, while volume fell 6% to 919,422 carats, the figures
showed. The average price of exports increased 4% to $2,769 per carat.
Polished exports to Hong Kong increased 7.5% to $733.9
million, while shipments to Belgium jumped 29% to $252.6 million. While the
ministry did not disclose exports to the US after returns, it said “gross” shipments
to the American market, including goods that came back, dropped 6% to $3.11
billion.
Polished imports slid 14% to $1.39 billion, meaning net
polished exports — representing exports minus imports — fell 15% to $1.15
billion.
Rough imports declined 6% to $1.53 billion, with rough
exports down 1.8% to $1.37 billion. Net rough imports increased 30% to $161.4
million.
Israel’s net diamond account for the first half, calculated
as total rough and polished exports minus total imports, slumped 29% to $990.8
million.
|
|
|
|
|
|
|
|
|
|
Tags:
Belgium, Economy and Industry Ministry, Hong Kong, Israel, polished exports, Rapaport News, trade data, US
|
|
|
|
|
|
|
|
|
|
|
|
|