BRIEF: Exports of chemicals fall: However, there was a strong rise in the exports of pharmaceuticals.

Sun. June 14, 2009; Posted: 03:34 PM

Jun 14, 2009 (Globes - McClatchy-Tribune Information Services via COMTEX) -- ISCHF | Quote | Chart | News | PowerRating -- Israel's exports of chemicals amounted to $2.68 billion in the first quarter of 2009, 21 percent down on the corresponding quarter of 2008. These figures were reported by Manufacturers Association of Israel Association of Chemical and Petrochemical Industries chair Asher Greenbaum, who is also Israel Chemicals Ltd. (TASE: ICL) deputy CEO.

Greenbaum reported that Israeli chemicals are sold to 150 countries worldwide. Figures released also showed that exports of industrial chemicals fell by 37 percent in the first quarter of 2009 compared with the corresponding quarter of 2008 to $308 million. Over the same period, exports of pesticides and disinfectants fell by 10 percent to $278.5, exports of minerals plummeted 53 percent to $171.6 million, exports of petrochemicals and plastic raw materials fell 40 percent to $115.3 million, exports of oil products fell 20 percent to $113 million and, soap, cleaning materials and cosmetics, fell 3 percent to $91.9 million.

On the other hand, exports of pharmaceuticals for human and veterinary use climbed 28 percent to $1.218 billion in the first quarter of 2009 compared with the first quarter of 2008.

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