Industrial exports to Japan to increase 7% in 2005

Economic analysis prepared by the Israel Export and International Cooperation Institute (IEICI) and published last week pointed out that industrial exports, excluding diamonds, to Japan will grow in 2005 by 7% to $643 million.
 
Industrial exports, excluding diamonds, to Japan rose by 9% in the first half of 2005,compared with the first half of 2004, to $281 million.
 
According to the IEICI the number of Israeli companies operating in Japan rose in 2005 by 2.5% to 966 after 23 more Israeli companies began operating in Japan.
 
The analysis noted that in general the Japanese market has great potential not yet exploited by Israeli exporters, in particular in high-tech, industrial and consumer products such as do-it-yourself market estimated at $40 billion annually and cosmetics market estimated at $15 billion.
 
The report also noted that the Japanese Government has allocated $250 billion to be invested over the next 15 years for developing its pharmaceuticals and medical equipment sectors.
 
The IEICI prepared the economic analysis for a special meeting held last week to introduce local exporters the Japanese business culture and marketing channels in the Japanese market.
 
The meeting was held in co-operation with messers "Yuki-Cal" Trade and Business Development. The IEICI will participate this year in two international exhibitions in Japan – Fukoka- space and avionic technology and Semicon for semiconductors technology.