Israel's exports have registered significant changes between January and September 2013, a new report by the Israel Export and International Cooperation Institute, which summarized the export industry's performance in the first three quarters of 2013, said Tuesday.
According to the report, the dominant exports across this time period were pharmaceuticals, electronic components and chemicals, a trend that had a clear impact on the makeup of Israel's top export markets.
The United States remained Israel's top export market in Q1-Q3 of 2013, with exports -- excluding diamonds -- amounting to $7.7 billion.
Chemical exports to Turkey noted a significant, 66 percent rise in 2013, amounting to $1.8 billion, making it Israel's third-largest market. Exports to Asian markets dropped by 4% overall, and the report pegged China as Israel's fourth-largest market.
Israel's exports to the European Union were up 4% overall. Exports to Spain rose 32%, making it Israel's eighth-largest market.
The report further noted that diamond exports were up 9% in 2013, amounting to $7 billion; and that agricultural exports noted a 10% rise amounting to $1.1 billion.
"The changes in the ranking of Israel's export markets were the result of the changes noted in the scope of activity by the market's larger companies," Shaul Katznelson of the Israel Export Institute said.