Israel's Imports From China Reach All-Time Annual Record: Statistics
Date
11/20/2022 6:28:36 PM
(MENAFN- Trend News Agency) Israel's total imports from China reached an all-time annual
high in 2022, according to data released by Israel's Central Bureau
of Statistics on Sunday, trend reports citing xinhua .
Total Israeli imports from China, excluding diamonds, reached
10.82 billion U.S. dollars during the first 10 months of the year,
higher than the whole year of 2021, which stood at 10.71 billion
dollars.
The leading industries of Israeli imports from China are
machinery, metals, textiles, and chemicals, alongside a sharp
increase in the import of Chinese electric vehicles (EVs),
according to the bureau data.
Dan Catarivas, director of Foreign Trade at the Israel
Manufacturers Association of Israel, told Xinhua that imports from
China have intensified because the Israeli government lifted
tariffs and increased the import of Chinese EVs.
Catarivas said that it is difficult to assess whether the import
upward trend will continue next year, but car imports from China
are expected to 'continue surging.'
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