Israeli exports to China witness rapid growth
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Israel's exports to China jumped from the 11th to the 5th by the first half of 2010, showed by the latest figures from Israel's Export and International Cooperation Institute on Sunday.
According to the figures, Israel exported 755 million U.S. dollars worth of goods to China in the first half of 2010, which reflects a growing Israeli interest in looking to the east as well as west in seeking new trade deals.
"This mirrors a trend we'll be witnessing in the coming years whereby the main potential for export expansion will be in the Asian markets, predominantly India and China, as well as other economies such as South Korea," Shauli Katzenelson, chief economist at the Institute told Israeli news service Ynet.
The United States, with 5.7 billion dollars, and India with 1 billion dollars, are Israel's largest export partners.
Among Israel's exports to China, electronics, mining, minerals, and oil-refining technology and hardware topped the list, according to the organization.
