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Promoting Israel’s Trade Globally


An Overview of the Israeli Economy

Ari Rokni
Director of Business & Trade Development

December 7, 2012
Welcome to Israel
Israel’s Competitive Edge


1st in the world for flexibility and adaptability

1st in the world for scientific research

1st in the world for entrepreneurship

1st in the world for information technology skills

1st in the world for expenditure on R&D (as % of GDP)

2nd in the world for innovative capacity

2nd in the world for venture capital

4th in the world in utility patents per million population
Israel’s Main Economic Indicators



          Criteria          2006      2007      2008        2009       2010        2011
GDP (current prices in
                            144.0B$   164.1B$   191.8B$    193.1B$     204.6B$    214.2B$
$B)*

GDP Real Growth Rate
                             5.2%      5.4%      4.0%        0.7%       4.8%       4.7%
(%)

GDP per Capita (PPP)**      24,271$   26,226$   27,355$    27,054$     29,602$   $31,005**

GDP per Capita Growth
Rate                         3.3%      3.5%      2.1%       -1.1%       2.9%       2.8%
(%, Current prices)
Exports                      62.6B$    71.2B$    80.4B$     67.9B$      87.7B$     91.9B$
(Goods & Services)(As %of
                            (43.5%)   (43.4%)   (40.3%)     (30%)      (42.9%)    (42.9%)
GDP)

Imports                      62.2B$    73.5B$    84.3B$     63.1B$      82.3B$
(Goods & Services)(As %of                                                         91.0B$
                            (43.2%)   (45.1%)   (42.2%)     (29%)      (40.2%)
GDP)

Unemployment Rate            8.4%      7.3%      6.1%        7.4%       6.6%       5.7%

                                                          Source: Investment Promotion Center
                                                                                  **Estimated
Israel’s International Trade - 2011


   Export of Goods 91.9 Billion $

                                                              Imports of Goods 91.0 Billion $




(Using a public exchange rate of 1USD=3.6NIS (2011 average*
Israel’s Free Trade Agreements




Existing:                                          Under
EU                                                 Examination:
USA                                                India
EFTA                                               South Korea
Turkey                                             Chile
Mexico                                             Ukraine
Canada
MERCOSUR



63% of Israel’s                                    6% of Israel’s
  Trade in                                         Trade in 2009
  2009
Main Trading Items


Israeli Exports


                          Israeli Imports
Key Industries
Global Center for R&D



Company                  No. of Employees   Sector
Intel                    5,400              Semiconductors
)HP- (Indigo & Mercury   5,000              Capital Equip
IBM                      1,100              Computing Equip
Cisco                    1,000              Software
Motorola                 1,000              Telecom
Applied Materials        1,000              .Capital Equip
SAP                      800                Software
Freescale                570                Semiconductors
Microsoft                600                Software
Samsung                  100                Semiconductors
Multinationals in Israel


    • Microsoft built its first R&D facility outside the US
      in Israel
    • Veolia partnered to operate one of the largest RO
      Desalination plant in the world.


    • Cisco built its first R&D facility outside the US in
      Israel
    • Motorola’s Israel facility is the company’s largest
      development center worldwide.
    • IBM chose Israel for its first VC investment outside
      of the US
    • Intel has 4 R&D facilities and 2 manufacturing
      centers in Israel, employing 7,000 Israelis
    • Google opened 2 R&D centers in Israel
Economic Incentives

Office of the Chief Scientist (OCS)

•   Global Enterprise R&D Cooperation Framework
     – Joint R&D projects between MNCs and Israeli companies, authorized by the OCS,
       could be entitled to financial assistance with the Israeli company’s R&D approved
       costs.

•   BIRD Foundation (Israel-US Binational Industrial Research and Development)
     – Offers conditional grants for joint development projects on a risk-sharing basis.
       BIRD funds up to 50% of each company's R&D expenses associated with the joint
       project.

•   Technology Incubator Program
     – Up to 85% of early stage project costs

•   Investment
     – Offers tax benefits for 10 years and investment grants to foreign companies
Matchmaking & Access to the Israeli Industry




•   America-Israel Chamber of Commerce (Chicago)

•   Federation of Israeli Chambers of Commerce (Israel)

•   Israel-America Chamber of Commerce (Israel)

•   Israel Export & International Cooperation Institute (Israel)

•   Government of Israel Economic Mission to the Midwest
Thank You

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Israeli consulate

  • 1. Promoting Israel’s Trade Globally An Overview of the Israeli Economy Ari Rokni Director of Business & Trade Development December 7, 2012
  • 3. Israel’s Competitive Edge 1st in the world for flexibility and adaptability 1st in the world for scientific research 1st in the world for entrepreneurship 1st in the world for information technology skills 1st in the world for expenditure on R&D (as % of GDP) 2nd in the world for innovative capacity 2nd in the world for venture capital 4th in the world in utility patents per million population
  • 4. Israel’s Main Economic Indicators Criteria 2006 2007 2008 2009 2010 2011 GDP (current prices in 144.0B$ 164.1B$ 191.8B$ 193.1B$ 204.6B$ 214.2B$ $B)* GDP Real Growth Rate 5.2% 5.4% 4.0% 0.7% 4.8% 4.7% (%) GDP per Capita (PPP)** 24,271$ 26,226$ 27,355$ 27,054$ 29,602$ $31,005** GDP per Capita Growth Rate 3.3% 3.5% 2.1% -1.1% 2.9% 2.8% (%, Current prices) Exports 62.6B$ 71.2B$ 80.4B$ 67.9B$ 87.7B$ 91.9B$ (Goods & Services)(As %of (43.5%) (43.4%) (40.3%) (30%) (42.9%) (42.9%) GDP) Imports 62.2B$ 73.5B$ 84.3B$ 63.1B$ 82.3B$ (Goods & Services)(As %of 91.0B$ (43.2%) (45.1%) (42.2%) (29%) (40.2%) GDP) Unemployment Rate 8.4% 7.3% 6.1% 7.4% 6.6% 5.7% Source: Investment Promotion Center **Estimated
  • 5. Israel’s International Trade - 2011 Export of Goods 91.9 Billion $ Imports of Goods 91.0 Billion $ (Using a public exchange rate of 1USD=3.6NIS (2011 average*
  • 6. Israel’s Free Trade Agreements Existing: Under EU Examination: USA India EFTA South Korea Turkey Chile Mexico Ukraine Canada MERCOSUR 63% of Israel’s 6% of Israel’s Trade in Trade in 2009 2009
  • 7. Main Trading Items Israeli Exports Israeli Imports
  • 9. Global Center for R&D Company No. of Employees Sector Intel 5,400 Semiconductors )HP- (Indigo & Mercury 5,000 Capital Equip IBM 1,100 Computing Equip Cisco 1,000 Software Motorola 1,000 Telecom Applied Materials 1,000 .Capital Equip SAP 800 Software Freescale 570 Semiconductors Microsoft 600 Software Samsung 100 Semiconductors
  • 10. Multinationals in Israel • Microsoft built its first R&D facility outside the US in Israel • Veolia partnered to operate one of the largest RO Desalination plant in the world. • Cisco built its first R&D facility outside the US in Israel • Motorola’s Israel facility is the company’s largest development center worldwide. • IBM chose Israel for its first VC investment outside of the US • Intel has 4 R&D facilities and 2 manufacturing centers in Israel, employing 7,000 Israelis • Google opened 2 R&D centers in Israel
  • 11. Economic Incentives Office of the Chief Scientist (OCS) • Global Enterprise R&D Cooperation Framework – Joint R&D projects between MNCs and Israeli companies, authorized by the OCS, could be entitled to financial assistance with the Israeli company’s R&D approved costs. • BIRD Foundation (Israel-US Binational Industrial Research and Development) – Offers conditional grants for joint development projects on a risk-sharing basis. BIRD funds up to 50% of each company's R&D expenses associated with the joint project. • Technology Incubator Program – Up to 85% of early stage project costs • Investment – Offers tax benefits for 10 years and investment grants to foreign companies
  • 12. Matchmaking & Access to the Israeli Industry • America-Israel Chamber of Commerce (Chicago) • Federation of Israeli Chambers of Commerce (Israel) • Israel-America Chamber of Commerce (Israel) • Israel Export & International Cooperation Institute (Israel) • Government of Israel Economic Mission to the Midwest

Editor's Notes

  1. Division of the Ministry of Industry, Trade and Labor Office in Chicago covers 14 states in the Midwest Works actively on promoting bilateral trade between Israel and the USA, focusing on Israeli exports that will mutually benefit both countries Provides individualized services to Israeli exporters Promotes joint Research & Development projects Attracts Foreign Direct Investment in Israel Manages Israeli national pavilions at major trade events Focal point for Information on Israeli Industry