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Source: http://www.themedialine.org/news/news_detail.asp?NewsID=29619
Israeli Exports Shift from West to East Adam Gonn
(Media Line) Israeli exports eastward have increased more than 100%, according to a new report by the Israel Export Institute. The U.S. is still Israel's main export destination, but India has now overtaken Europe as the second largest export market, while China has climbed to fifth place. Exports to India rose 102% in the first half of 2010, while export growth to China increased 115%, reaching $755 million. "This has been a bad year for Europe so they are importing less and it's been a good year for India and China with more stable consumers [markets]," said Prof. Joseph Zeira from the Department of Economics at Hebrew University.