According to figures released Wednesday by the Israel Export and International Cooperation Institute Israeli exports totaled $89 billion in 2011 -- a 4.5% increase compared to 2010. These data do not include the exports of startup companies and acquisitions of Israeli startups by foreign companies. These are impressive figures considering the economic slowdown experienced by most of the world last year, but disappointing in comparison to the Israeli industry's achievements in previous years. It should be noted that most of the increase in exports last year stems from the growth in the export of services supplied by Israeli companies abroad and in the export of diamonds.