Israel’s Diamond Export Grows from $6 Million in 1948 to $80 Billion+

Israel’s diamond exports today are 13,400 times what they were when the state was founded – having grown from $6 million to some $80.5 billion, Calcalist reports, quoting data from the Israel Export and International Cooperation Institute.

The figures also show changing trends in Israel’s export economy. Whereas at the beginning the state exported mainly citrus fruit, diamonds, and a small amount of industrial products, Israel has become mainly an exporter of technology: electronics, software, and computer systems, communications, and medical devices.
In 2010, Israel’s exports of high-tech products and services, including research and development, totaled $28.5 billion and accounted for some 35% of all Israeli exports. Agricultural exports, which reached $1.3 billion in 2010, comprised only 2% of the country’s total exports. Read more

Categories: Economics, Israel

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