Top 10 exporters lead growth
The top exporters, each of which exports at least $50 million a year, accounted for nearly all the rise in exports starting in 2008, the year of the global financial crisis.
Israel's 10 biggest exporters have been the biggest beneficiaries of the 31% rise in overseas sales in the four years prior to 2011, a study by the Export Institute has found.
The top exporters, each of which exports at least $50 million a year, accounted for nearly all the rise in exports starting in 2008, the year of the global financial crisis, which the institute used as its baseline. During that time goods exports grew from $35 billion to $47 billion last year.
The top 10 saw their combined exports jump 77% in the period, to $21.4 billion in 2011 from $12.1 billion in 2007. As a result, their share of total exports grew to 46% from 24% in 2007. Of those, the four biggest did best of all, doubling their exports in the four years, according to the institute. Small exporters - those selling less than $2 million annually abroad - and medium-sized exporters, with foreign sales of up to $15 million, contributed almost nothing to the growth, the institute said. The study surveyed 3,856 companies, whose combined exports rose 8% from $23.3 billion in 2007 to $25.2 billion last year.
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