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Israeli exports expected to reach record in 2021

Software and computer services, which make up the largest portion of hi-tech exports, have increased by more than 20 percent so far this year.

Visitors at the annual Cybertech Israel Conference and Exhibition in Tel Aviv, which is attended by thousands of leading multinational corporations, startups, private and corporate investors, venture-capital firms, experts and clients, Jan. 29, 2020. Photo by Miriam Alster/Flash90.
Visitors at the annual Cybertech Israel Conference and Exhibition in Tel Aviv, which is attended by thousands of leading multinational corporations, startups, private and corporate investors, venture-capital firms, experts and clients, Jan. 29, 2020. Photo by Miriam Alster/Flash90.
(June 30, 2021 / JNS)

Israeli exports are expected to reach a record of at least $120 billion in 2021, according to Israel’s Economic Ministry.

The hi-tech sector is the most significant factor in export growth in recent years, the Ministry announced on Monday. Software and computer services, which make up the largest portion of hi-tech exports, have increased by more than 20 percent so far this year.

Exports in 2020 reached $114 billion, dropping slightly because of the coronavirus from 2019 that had $115.

Prime Minister Naftali Bennett, who made his fortune from the hi-tech industry, said in a speech in the Knesset earlier this month that he wanted to raise the labor force in the hi-tech sector from 10 to 15 percent by 2026.

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