China Overtakes US as Israel’s Largest Source of Imports
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by JNS.org
Embassy of China in Tel Aviv. Photo: Wikimedia Commons.
JNS.org – China became Israel’s largest source of imports in 2021 with $10.7 billion, overcoming the previous top spot held by the United States, revealed Israel’s National Bureau of Statistics on Thursday.
In 2020, imports from the United States had totaled a little more than $8 billion, while China’s imports totaled nearly $7.7 billion.
Imports from the United States in 2021 were nearly $8.3 billion.
Following the United States was Switzerland with nearly $6.6 billion and Germany following close behind.
The United States, however, retained its spot as the top destination for Israeli exports in 2021 with $16.2 billion.
In September, Israel opened a Chinese-operated shipping port in Haifa to increase competition and the country’s status as a trading nexus.
CIA Director Bill Burns reportedly told Israeli Prime Minister Naftali Bennett during a visit in August that the United States is concerned about Chinese investments, especially in the high-tech sector and infrastructure projects.
