Israel India | Business Guide | 2017

019 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Exports of goods 725 1,378 1,199 1,680 1,481 1,331 1,044 1,093 1,320 1,147 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 In Millions of dollars Exports of Goods from Israel to India from2012 to 2016 (Excluding diamonds) Processing and analysis: Economic Unit, Israel Export Institute Israel’s Exports to India Due to the slowdown in the Indian economy between 2010-2013, relative to earlier years,and the decrease in demand for commodities from Israel to India, exports to India 2010 reached the lowest point in 6 years.With the establishment of the new government in India and its economic recovery, the volume of bilateral trade improved significantly,a trend that also reflected a sharp increase in exports.In 2015 this trend reached its peak and exports showed double-digit growth - 21% - and climbed ot a total of US$ 1.3 billion. In 2016 there was a reduction in exports to India, in contrast to the positive trend in the earlier two years. Total Israeli exports to India amounted to US$ 1.15 billion in 2016, representing a decrease of 13% compared to exports in 2015. It is important to note that the volume of export in 2016 still remains relatively high, compared to exports during the period 2013-2014. India is considered as one of the emerging destinations of Israel and the most important one for Israel globally and is traditionally regarded as being among Israel’s 10 major export destinations.In 2016 India was ranked as the 9th export destination of goods from Israel. Exports of telecommunication equipment and metals,which figure among the major goods exported by Israel to India,remained stable, compared to the previous year.These sectors account for 40% in value of the total goods exported to India.Exports of telecommunications equipment declined by about 2% to approximately around US$ 2.4 million. Exports of metals and metal products increased by 2% to US$ 212 million dollars. An increase was registered in exports of electronic components - by about 44% - to US$ 32 million, as well as office machines and IT parts, that increased by 39% to US$ 29 million. A sharp decrease of 69% in exports was registered in measuring, testing and navigation devices,amounting to about US$ 28 million. There was also a decrease of 30% in exports of control equipment, optical instruments and photography to US$ 90 million. Sector Description (M$ ) 2015 2016 Percentage Change 15/16 Percentage of Sector in 2016 Telecommunications Equipment 244 239 -2% 21% Basic Metals and Metal Products 209 213 2% 19% Minerals, Quarrying and Mining 160 165 3% 14% Chemicals and Refined Oil 158 144 -9% 13% Control Equipment for Industry, Optical Instruments, Photography 130 90 -30% 8% Machinery and Equipment 90 72 -20% 6% Others 330 224 -32% 20% Major Sectors of Exports from Israel to India Most of the exports of metals and metal products relate to improvement in transport and control systems. Processing and analysis: Economic Unit, Israel Export Institute Telecommunications Equipment Basic Metals and Metal Products Minerals, Quarrying and Mining Others Chemicals and Refined Oil Machinery and Equipment Control Equipment for Industry, Optical instruments, Photography Sector-wise Distribution of Exports to India 2016 21% 20% 6% 8% 12% 14% 19%