Israeli exports of hi-tech services up 21.8% in Jan-Oct 2021

Israel’s exports of hi-tech industries services, excluding start-up companies, rose by 21.8 per cent in the first ten months of 2021, according to a report published by the state’s Central Bureau of Statistics.

Exports of Israel’s hi-tech industries services increased from $28.44 billion in January-October 2020 to $34.65 billion in the same period in 2021, said the report published on Tuesday.

Export of services refers to the sale and delivery of intangible products such as computing, advertising, telecommunications, construction, and accounting, Xinhua news agency reported.

Meanwhile, Israel’s exports of services from start-up companies totaled $2.16 billion in the first 10 months of 2021, up by 209 per cent year on year, the report added.

Total Israeli exports of services rose by 32.6 per cent in the first 10 months from $43.83 billion to $58.1 billion, it said.

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