Ten Israeli companies account for 51% of exports

Ten Israeli companies account for 51% of exports

According to a report by the Israel Export and International Cooperation Institute, concentration in 2015 in exports was the highest yet recorded
27.03.16 / 10:40
Ten Israeli companies account for 51% of exports
27.03.16
Ten Israeli companies account for 51% of exports

The Israel Export and International Cooperation Institute (IEICI) announced that Israel’s 10 largest exporters accounted for US$23.6 billion in exports in 2015, 51.3% of Israel’s total exports of goods for the year, and 2% less in dollar terms than in 2014. Exports by all other companies fell 8% to $22.4 billion.

 

Concentration in 2015 in exports was the highest yet recorded, the Israel Export Institute reports. The 10 leading Israeli exporters, excluding diamonds, are Intel Israel, Adama Agricultural Solutions, Elbit Systems, Oil Refineries, Israel Aerospace Industries, Iscar, Teva Pharmaceutical Industries, Israel Chemicals, Paz Oil Company and HP-Indigo.

 

The IEICI added that the figures for concentration in exports were the highest since it began measuring them in 2007. The balance between the large exporters and the medium and small ones remained equal in 2012-2014. Since 2007, the 10 largest exporters have increased their share of total Israeli exports by over 15%.

 

The report also shows that starting in 2008, the large companies led the growth trend in Israeli exports, while the aggregate amount of exports by the other companies began to decline. In 2015, the large exporters increased their export business by 35%, in comparison with 2008, while exports by other companies were down 7%.

 

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