According to the state insurance company BSH dealing with credit insurance for export transactions in 2014-2015 the volume of bad debts to Israeli exporters increased by 14%. Distressed debt is debt, delay in payment exceeds 30 days from the agreed date of payment.
By the end of 2015 the total amount of troubled debt amounted to 630 million dollars.
The leader on volume of the delayed payments is Italy. Italian buyers should Israeli exporters to $ 30 million, which is 3.7% of the total export of Israeli goods in this country.
On the second place – Russia, the representatives of which Israel owes contractors $ 23 million (3.6% of exports), the third – India (40 million debt and 2.9% of total exports).