ISRAEL - Exports Rise 24% After Recovery

Arno Froese

Israeli exports of goods and services rose 24% in the first half of 2021 to $67.6 billion compared to the same period in 2020, the Economy and Industry Ministry said.

Exports grew 11% in the first quarter and an “unprecedented” 38% in the second quarter, the ministry said.

Export of services grew by 30% in the first half of 2021, while goods exports rose 18%. Exports of services exceeded exports of goods for the first time ever, accounting for 51.4% of Israel’s total exports, compared with 48.6% for exports of goods, due largely to increased hi-tech service exports. Exports of software and computing services and scientific R&D services, which constitute the core of Israeli’s hi-tech industry, grew by 29% and 48%, respectively.

Said Economy and Industry Minister Orna Barbivai, “We will continue to work to remove barriers to trade, open doors to new markets for Israeli industry and provide professional support and guidance to companies interested in expanding their activities in existing markets or penetrating new markets.”

-www.jpost.com, 27 September 2021

Arno's Commentary

We know that at the beginning of the coronavirus pandemic, Israel implemented some of the strictest regulations in the world, with excellent results. However, a large part of the ultra-Orthodox community failed to adhere to these regulations, and that in turn brought Israel’s death toll to a dangerously high level. Yet in the meantime, Israel continued to do what they do best: export high-tech goods and services. That will be even more evident as the months and years go by. 

Israel’s future: “For I, saith the Lord, will be unto her a wall of fire round about, and will be the glory in the midst of her” (Zechariah 2:5).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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