Israeli exports rose 6 percent—to $50 billion—during the first half of 2017, according to the Israel Export and International Cooperation Institute.
The jump is exports was driven by rapid growth in high-tech services and incoming tourism, the institute said. Exports of services totaled $21 billion in the first half of this year, boosted by the rising trend in exports of computer and software services, which grew 12 percent to $6.8 billion. Exports of tourist services were up 16 percent, to $3.2 billion, in the same period.
Exports in industrial sections—including drugs, chemicals, refined oil products and electronic components—grew 5 percent.
“Increasing exports is a strategic goal of the Ministry of the Economy and Industry, because the export industries feature high productivity,” Israel’s Minister of the Economy Eli Cohen said, Globes reported. “We are continuing our efforts to attract international companies. With the help of incentives for exporters, we will cross the $100 billion mark, which is our annual export target.”