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Minister of Industry, Trade and Labor Government of Israel
Israel is known for water technology solutions and energy efficiency for the textile industry and etc. How such things are attracting foreign investors?
Textile industry is a massive consumer of water and energy, and creates a large amount of polluted water as part of the output of textile process. The world today is oriented to manage industrial processes much more efficiently, environmentally and economically. This creates new demand for innovative technologies and opens opportunities.
Since, textile industry is pretty much same everywhere in the world, solutions are suitable for all countries and this is why investors around the globe are interested in technologies that Israeli companies have developed for the local textile industry.
Which are those countries that are trading partners of Israel’s textile industry?
As for imports, most of the finished textiles and clothing products are imported from China, whereas raw materials for the local industry are imported from several Asian countries as well as Turkey.
What kind of GDP Israel’s textile industry is contributing to its country’s economy?
Textiles comprised about 2.2 percent of the entire industrial output in 2011. Industrial output, in turn, comprised about 15 percent of Israel’s GDP in 2011. In that year, about 3.2 percent of country’s industrial work force was working in the textile industry.
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