JERUSALEM, Dec. 16 (Xinhua) -- Israel's exports are expected to reach nearly 160 billion U.S. dollars in 2025, a 3-percent increase from 2024, the Ministry of Economy and Industry said in a statement on Tuesday.
The figure is close to the record high of 165 billion dollars recorded in 2022, reflecting the economy's resilience despite a complex period of multi-front conflict, the statement said.
Services exports are expected to rise 9 percent to 101 billion dollars in 2025, up from 92.7 billion dollars in 2024.
Growth is led by hi-tech services such as software, computing, and research and development, highlighting the sector's contribution to economic stability, said the statement.
By contrast, goods exports are expected to decline by 5.5 percent to about 57 billion dollars, down from 60.3 billion dollars in 2024, as key export markets remain weak.
Exports to Asia continue to rise, up by 3.5 percent, while moderate growth is seen in Africa, Latin America, and Oceania. Exports to the European Union countries have fallen by about 11 percent, to China by about 6 percent, and to the United States by about 4 percent.
The ministry said the rise in exports reflects strengthened industrial tools, increased investment in human capital, and expansion into new markets, positioning Israel for continued economic growth.
