Pharmaceutical products are a key driver of Israel's export industry, the main market for them being the United States. Israel's major imports from Germany include engineering products, machinery and automotive components.

In other developments, Mexican airfreight increased 3.49 percent in the first eight months of 2012 over the same period last year, with some 293,000 tons, according to a report from the Ministry of Communications and Transport (SCT). The report indicated that foreign airlines carried 187,000 tons of freight in the first quarter of the year for an increase of 1.63 percent. Mexican airlines carried 106,000 tons between January and August for an increase of 2.2 percent over the same period last year. The report also has Aerounion as the national carrier leader in the international cargo market with a 42-percent share, followed by Mas Air with 39 percent of the market and Aeromexico with 17 percent. Together the Mexican airlines have 37 percent of the international cargo, with U.S. carriers with 33.2 percent, European with 21.6 percent and South American airline with 7.8 percent.

In separate action, FedEx said it will expand cargo operations in Mexico. Shortly after launching direct operations to the Queretaro International Airport, the cargo airline is making a new investment in the country to expand its cargo capacity by 50 percent. According to Jorge Torres, vice president of operations in Mexico and Central America, the flight between Queretaro and Memphis is in response to the rapid growth of the economy in the state. He said, "The route we established has grown, doubling its capacity, and for that reason we have changed the Boeing 727-200 for a Boeing 757."

Source: AirWaves