18% drop in Israeli agricultural exports to Russia
The majority of this drop has been registered in agricultural exports, which is the primary export sector between the two countries, making up some 44% of all trade going from Israel to Russia. In the first half of 2014 Israeli exporters shipped roughly 950 million USD worth of produce to Russia, but fell short by over 170 million USD in 2015, a drop of 18%.
Russia has traditionally been a major market for Israeli produce, ranking in the top ten countries for Israeli exports for several years; if this year’s trend continues however that is set to change, as currently Russia is only the 14th largest export market for Israeli trade.
Apart from Russia, exports of Israeli products have declined in comparison with the same period in the previous year, falling by 6%. The decrease is slightly offset by growth in exports to the U.S., Great Britain, and India, but the overwhelming majority of Israeli trade partners have seen significant decreases in the level of exports. Chief among the countries receiving fewer exports from Israel are the major countries of Western Europe, with the largest drops coming from Italy, France, Germany, and The Netherlands.
Source: israel.agrisupportonline.com
