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Source: http://www.port2port.com/Index.asp?ArticleID=2952&CategoryID=46
Israel to Focus More on Exports to India, China and Less on U.S., EU
(Port 2 Port) Figures show that Israeli manufacturers have been increasingly targeting the fast-growing markets of Asia, partly at the expense of the United States. Finance Minister Yuval Steinitz said that Israel is working to safeguard its economy by focusing less on the United States and Europe markets and more on countries to the east and south. Steinitz noted, "Over the past two years the Finance Ministry has led a change from Israeli exports to the U.S. and Europe in the direction of China, India and South America." Steinitz added that "In the past year the number of exports to those countries has gone up by 20%, from 33% to 40%."