Port2port News Service
Aug 1, 2011
Avi Hefetz director general of the Israel Export Institute said last week at the first annual Israeli-Chinese business conference in Ramat Gan, that exports to China totaled more than US$1 billion in the first half of 2011, a 33% increase compared with the corresponding period last year.
China is now the fourth-largest export destination for Israeli products, rising from 10th place in 2010. However, 70% of Israeli exports are concentrated in just three of China’s 33 provincial-level regions: Shanghai, Guangdong in the South and Sichuan in the southwest.
Hefetz noted that “The Chinese economy is expected to continue to grow in the coming years, as well, and is in need of a technological infrastructure upgrade. This presents an opportunity for Israeli companies in the areas marked by the Chinese government for development in the next five years, such as water, the environment, semiconductors and medical devices".