The decline of the euro hampers Israeli exports to France, which remains the 10th largest customers of Israel and its 12th supplier. According to figures provided by the Israeli customs and taken over by the Institute of Statistics, changes in the shekel exchange rate are responsible for changes in Israel’s trade in 2014. In the case of France, its trade with Israel grew more slowly compared to those of other countries.
In total, the Franco-Israeli trade totaled 11.58 billion shekels in 2014, 2.44 billion euros. This is an increase of 3.4% compared to 2013. In comparison, Israel’s trade with the US increased by almost 5% last year; the strengthening of the dollar is responsible.