Israel Matzav

#BDS_Fail Asia to overtake US as number 2 destination for Israeli exports

The region is expected to come in as Israel’s second-largest trade partner for 2014 behind the European Union, shifting the United States into third place, according to the ministry’s Foreign Trade Authority. In 2013, exports to Asia nearly equaled those to the US for the first time, coming within 0.6 percentage points as a share of total exports.

When countries are not clustered into regional groups, however, the United States remains Israel’s largest single trade partner.

The ministry expects exports to Asia to grow from 21 percent of total exports in 2013, to 24.5% in 2018, while combined exports to the EU and US will shrink from a 63% share to 59.9%.

Exports to all other countries amounted to 16% in 2013, and are projected to fall to 15.5% by 2018.

A decade ago, Asia accounted for just 15% of Israeli exports, while the US provided more than a third of the market, Foreign Trade Authority director- general Ohad Cohen said.

Labels: BDS, exports, United States

posted by Carl in Jerusalem @ 10:50 AM