ISRAEL AN EXPORT SUPERPOWER!

As Israel celebrates 63 years of being an independent state, it turns out that it is an export superpower. According to figures published on Tuesday by the Israel Export Institute and presented by the Globes financial news paper, since its establishment in 1948 Israel has multiplied the volume of goods it exports to the world by an astonishing 13,400. The figures also show Israel has gone from exporting a “modest” amount of about $6 million in 1948 to exporting no less than $80.5 billion in 2010.  The well-known Jaffa oranges, which were the pride and joy of Israel’s export industry for many years, have taken a few steps back. Israel’s high tech and R&D (research and development) sectors were at the top of the export list last year, totaling approximately $28.5 billion and constituting about 35% of Israel’s exports in 2010. However, the oranges are not out quite ye t, as figures show that agricultural exports also grew in the last year, totaling $1.3 billion. Israel has long been a leader in diamond exports, according to the report. Since the founding of the state, Israel’s diamond exports have multiplied by 3,190. While in the early years of statehood the scope of diamond exports from Israel to the world stood at about $2.8 million, in 2010 exports amounted to approximately $8.9 billion. The Israel Export Institute estimated that exports will continue to rise in 2011 by about another 7%. If these forecasts are realized, the total amount of Israeli exports by the end of next year will be a whopping $86 billion. (INN)  “I am the Lord your God who teaches you to profit.”  Isa 48:17