Israel Trade with U.S. Grows 12% in 1999
In 1999, total U.S.-Israel trade reached a new high of nearly $17.6 billion, an increase of 12% over the 1998 total. Imports from Israel grew by 14% to nearly $9.9 billion while U.S. exports grew by 10% to $7.7 billion. The U.S. trade deficit with Israel is for 1999 exceeded $2.1 billion. Israel is now the United States' 20th leading trade partner, moving up three places since last year. Total trade between the two nations has increased 186% since the U.S.-Israel Free Trade Agreement was signed in 1985.
Sources: AICE and the International Trade Administration