1H 2008: Israel’s chemicals exports increase by 55%

Human and veterinary pharmaceutical exports totaled $2.3b in H1, 42% more than in the corresponding half in 2007
 
Manufacturers Association of Israel Chemical, Pharmaceutical & Environmental Society issued a press release last week indicating that Israel’s chemicals exports totaled $7.6b in H1/08, 55% more than in H1 2007.
 
The press release which provides a breakdown of export figures shows that human and veterinary pharmaceutical exports totaled $2.3b in H1/08, 42% more than in the corresponding half in 2007.
 
Mineral exports totaled $950m in the first half, up 187%,Fertilizer exports rose 121% to $571m, Chemical exports rose 30% to $932m, Oil and oil product exports rose 15% to $158m.
 
A breakdown of chemicals exports by destination showed that exports to India rose 170% to $275m on the corresponding half, exports to Thailand totaled $54m up 126%, exports to Turkey rose 19% to $277m, exports to Canada rose 55% to $157m, exportsto Romania rose 21% to $20m, exports to Nigeria rose 64% to $1.8m and exports to Sweden tripled to $7.9m. Chemicals exports to China rose 64% to $83.7m, exports to Malaysia rose by 40% to $4m and exports to Taiwan rose by 13% to $43.1m.
 
The export growth was, according to Manufacturers Association, attributed to the outstanding increase in global demand for chemical products and the result of investment in the industry and marketing efforts by companies. Global population growth was also a contributing factor by increasing demand for fertilizers.