The shekel has remained relatively stable against both the dollar and yuan since last year's slide © Ze'ev Barkan
Israel’s food and beverage export sales to Asia were worth more than $100m in the first half of 2015, and had increased by 12% on the same period last year.
Figures from The Israel Export Institute show promising signs of growth for the country’s export economy, as characterised by the $108m’s worth of goods that it exported to Asian markets in the first half of the year. Asia now accounts for roughly one quarter of the Israeli food and drink sent abroad, buoyed by export growth in China (26%), India (37%) and Hong Kong (22%).
Outside of the Asian market, Israel additionally increased its export sales to Latvia by 51% and France by 15%, as innovations in the vegan food, wholegrain and on-the-go categories found favour overseas.
Israeli products – such as Ceremonie’s Citronella green tea – have performed strongly in emerging markets such as China, India and Latvia.
The news has been revealed as The Israel Export Institute prepares to showcase a number of domestic innovations at its Taste of Israel pavilion at Anuga 2015, to be held in Cologne, Germany.
“Israel is a global leader in high-tech, medical devices and biotechnology,” said Caroline Nave, food and beverage manager for The Israel Export Institute. “Yet extensive know-how, research and product innovation are among the success factors of the Israeli food and beverage industry, too. We’re excited to exhibit such innovative products [at Anuga].”
© FoodBev Media Ltd 2022
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