Israel exports to reach record of more than $160 billion

Israel's exports are expected to have risen more than 10% to a record level of at least $160 billion in 2022, led by exports of services, the Economy Ministry said on Sunday.

Exports, some 30% of Israel's economic activity, were $144 billion in 2021, when services overtook goods as the country's main export for the first time.

Again in 2022, led by high-tech exports such as programming and research and development, services will likely account for 51% of total exports, Qazet.az reports according to the ministry.