January-September 05: Industrial exports to China down 3.5%

Statistical analysis made by the economic department of Israel Export and International Cooperation Institute (IEICI) and published last week showed that Industrial exports to China, excluding diamonds, fell in January-September 2005 by 3.5% to $453 million.
 
The analysis shows, however, that total industrial exports to Asia in January-September, rose 6.6% to $2.8 billion.
 
The analysis pointed out that the rise in exports to Asia in the nine months period, January-September, was mostly due to 37.1% growth in exports to India(consisted of in telecommunications equipment and mining) which totaled $332 million, and 8.7% growth in exports to Taiwan, (consisted of electronic components; and measuring, testing, and navigational equipment) which totaled $430 million.
 
The IEICI noted that the unexpected decline in exports to China is frustrating, since China has been declared a preferred export target. Since the beginning of 2005 efforts were made and money allocated to further advance Israeli exports to China.
 
The analysis covers, in addition, a few other far eastern markets and noted that exports to Japan was up 13.6% to $437 million, made up mostly of chemicals, refined oil products, and telecommunications equipment.
 
Exports to South Korea were up 11.8% to $303 million, made up mostly of electronic components and measuring and navigational equipment.
 
Exports to Singapore went down 6.2% to $228 million, made up mostly of electronic components and measuring and navigational equipment.
 
Exports to Hong Kong were up 11.2% to $187 million in January-September 2005. These exports consisted mostly of electronic components, office machinery, and computer equipment.
 
Exports to Thailand were up 18.8% to $91 million, and consisted mostly of chemicals, refined oil products, office machinery, and computer equipment.
 
Exports to the Philippines were down 1.6% to $119 million, and consisted mostly of electronic components and telecommunications equipment.