Middle East > Israel > Israeli Exports to US Down, Up Elsewhere

Israel: Israeli Exports to US Down, Up Elsewhere

2016/02/13

In advance of the Foreign Trade Conference that takes place in Israel Wednesday, the Economy Ministry published the Israeli exports data, revealing that the market that has shown the sharpest increase in absorbing Israeli exports was China, rising from 2% of Israel’s in general exports to 6%. The Turkish market has as well shown a significant increase.

However, the US market has experienced a relative drop: in 2000 the US bought 32% of Israel’s exports, presently they’re down to only 24%. The Asian markets have as well gone down, with the exception of China and India.

The chief of the Foreign Trade Government at the Economy Ministry, Ohad Cohen, told Army Radio on Sunday that “Israeli exports have been at a halt in the completed few years. They are not developing in the direction we would have wanted. I don’t think it’s related to the boycotts against Israel. There’s only a very narrow selection of products that are hurt by those.”

Regarding the drop in exports to the US, Cohen said the fact that it’s shrinking does not trouble him as long as the in general trend is of increases in Israeli exports. Which is why his office is attempting to push Israeli products to additional markets, such as Asia, Latin America and Africa.

Related Articles

Ethiopian Israelis Could Be Israel’s Best Ambassadors In Africa
2016/06/28 Until recently, Israeli efforts in Africa have been notable but have not been deployed to scale. With Prime Minister Benjamin Netanyahu set to visit four East African nations this summer, there is a golden opportunity for Israel to strengthen diplomatic, humanitarian and commercial ties with the continent. Only 3 % of Israeli trade today is with Africa.
Taking Israel's Economy Global
2016/05/16 Israel “Izzy” Tapoohi’s five-year term leading the Development Corporation for Israel – better known as Israel Bonds – has been unquestionably consequential. In that time period, the broker-dealer has gone from underwriting and selling $600 million worth of Israeli government bonds in the US annually to yearly domestic sales exceeding $1 billion. The 65-year-old organization has been transformed from a specialty investment vehicle primarily for supporters of Israel into a significant option for investors looking to balance and diversify their portfolios. With six months left before he steps down and turns the reins of Israel Bonds over to Israel Maimon, a former cabinet secretary, Tapoohi talked to What has changed over the course of his term, the accomplishments he is proudest of, and why he thinks Israel’s economy is still a great bet.
Teva set to win EU okay for $40.5-billion Allergan deal
2016/04/16 Teva Pharmaceutical Industries is expected to win EU antitrust approval for its $40.5-billion (U.S.) (£24.4-billion) bid for Allergan’s generics unit next agreeing to sell off some of its products to appease regulators, three people familiar with the matter said on Wednesday. Teva, the world’s biggest generic drugsmaker, will divest some drugs by presently on the market and others in the pipeline to address competition concerns by the European Commission, the people said. The package includes products from both Teva and Allergan.
Streaming Giant Netflix Comes to Israel
2016/02/14 The online streaming website Netflix announced on Wednesday that it was expanding its availability to 130 additional nations, inclunding Israel, causing millions in the country to rejoice as the long-awaited service finally arrived. Before available in only 60 nations worldwide, Netflix, the world’s leading streaming site with 70 million subscribers, was launched in the US in 2007 and expanded to Canada, Latin America, Europe, Australia, New Zealand and Japan, leaving most of the world without access.
NASDAQ Teams Up with Tel Aviv Stock Exchange to Nurture Israeli Start-Ups
2016/02/13 The Tel Aviv Stock Exchange (TASE) and NASDAQ, the world’s second-major stock exchange, announced a joint venture on Tuesday to build a private market for Israeli startup companies before they go public. The venture, which will be based in Tel Aviv, will be run by management selected by both exchanges. It will provide Israeli startups with strategic counseling and mentoring, exclusive networking, and a private, secondary market for financing, in an effort to help small Israeli companies get the support they need to face the challenges of building a business in Israel’s difficult market.