Israel’s exports are on track to hit a record $165 billion in 2022, up 15 percent from 2021, the Economy Ministry said on Wednesday.

Economy Minister Orna Barbivai attributed the rise from $143 billion last year – which was up 25 percent from 2020 – to opening more economic annexes globally that help exporters, as well as easing regulations for businesses and bringing foreign retailers to Israel.

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