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Xifres de comerç exterior d'Israel

Foreign Trade in Figures

The Israeli foreign trade represents 51% of the country's GDP (World Bank, 2020) and exports, the backbone of the country's growth, represents about one-quarter of the country's GDP. The main goods imported by Israel include hydrocarbons, motor vehicles, diamonds, raw materials and semi-finished products and electrical apparatus. The main national exports include diamonds, heterocyclic compounds, medicines, chemical products and mainly high-tech products (computer equipment, electronic components, aeronautics, electronic communication equipment, verification products and pharmaceutical products).
According to the latest IMF data, the volume of exports of goods and services is expected to decrease by -0.2% in 2022, down from the strong growth rate recorded in 2021 (+13.2%), due to the global economic crisis following the outbreak of the Covid-19 pandemic. The volume of imports is expected to increase by 2.9% in 2022, after increasing by 18.2% in 2021.

Israel's main suppliers and customers are the United States, China, the United Kingdom and the European Union. Israel has a liberal import policy. In addition to the Free Trade Agreement (FTA) with the United States, Israel has FTAs with Canada, Turkey, the EU and EFTA. In 2011, a trade agreement was signed with the Mercosur countries and agreements with India and China are under discussion. Israel also has a preferential trade agreement with Jordan and maintains a customs union with the Palestinian Authority.

Israel’s balance of trade is structurally negative (with the exception of the record 2009 surplus). According to WTO data, in 2020 merchandise exports reached USD 49.8 billion (-14.9% compared to 2019), while imports amounted to around USD 70 billion (-8.6%). The trade deficit amounted to USD 10.7 billion (-32,7%). Exports of services reached USD 52.5 billion, while imports amounted to USD 25 billion. According to the Israeli Statistics Office (CBS), the trade deficit (goods only) in January - November 2021 totalled NIS 98.5 billion. The deficit in the trade balance will continue to be offset by the surplus in services trade thanks to strong exports of high-tech services, such as computer consulting services, computer services and software.

 
Foreign Trade Values 20162017201820192020
Imports of Goods (million USD) 68,83571,90876,59876,59169,985
Exports of Goods (million USD) 60,16061,15061,95258,50749,763
Imports of Services (million USD) 23,78228,57930,51631,94625,042
Exports of Services (million USD) 38,89944,68750,62455,51252,545

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20162017201820192020
Foreign Trade (in % of GDP) 58.657.459.757.352.1
Trade Balance (million USD) -7,991-10,735-17,454-15,887-10,696
Trade Balance (Including Service) (million USD) 5,4084,1502,3137,31517,343
Imports of Goods and Services (Annual % Change) 10.04.46.83.4-9.5
Exports of Goods and Services (Annual % Change) 2.05.35.13.9-1.9
Imports of Goods and Services (in % of GDP) 28.427.729.427.523.7
Exports of Goods and Services (in % of GDP) 30.229.730.329.828.4

Source: World Bank ; Latest available data

Foreign Trade Forecasts 20212022 (e)2023 (e)2024 (e)2025 (e)
Volume of exports of goods and services (Annual % change) 13.2-0.22.52.52.5
Volume of imports of goods and services (Annual % change) 18.22.94.54.33.7

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Israel is a member of the following international economic organisations: IMF, OECD, Black Sea Economic Cooperation Zone (BSEC) (observer), ICC, WTO, among others. For the full list of economic and other international organisations in which participates Israel click here. International organisation membership of Israel is also outlined here.
Free Trade Agreements
The complete and up-to-date list of Free Trade Agreements signed by Israel can be consulted here.
 

Main Partner Countries

Main Customers
(% of Exports)
2020
United States 26.2%
China 8.5%
United Kingdom 7.4%
Netherlands 4.9%
Germany 3.4%
See More Countries 49.7%
Main Suppliers
(% of Imports)
2020
United States 11.6%
China 11.1%
Germany 7.6%
Switzerland 7.5%
Turkey 5.1%
See More Countries 57.2%

Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

50.2 bn USD of products exported in 2020
Diamonds, whether or not worked, but not mounted...Diamonds, whether or not worked, but not mounted or set (excl. unmounted stones for pick-up styluses, worked stones, suitable for use as parts of meters, measuring instruments or other articles of chapter 90) 10.8%
Heterocyclic compounds with nitrogen hetero-atom[s...Heterocyclic compounds with nitrogen hetero-atom[s] only 6.6%
Electronic integrated circuits and microassembliesElectronic integrated circuits and microassemblies 5.8%
Electrical apparatus for line telephony or line...Electrical apparatus for line telephony or line telegraphy, incl. line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones; parts thereof 4.0%
Parts of aircraft and spacecraft of heading 8801...Parts of aircraft and spacecraft of heading 8801 or 8802, n.e.s. 3.9%
See More Products 68.9%
69.3 bn USD of products imported in 2020
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 6.0%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 5.4%
Diamonds, whether or not worked, but not mounted...Diamonds, whether or not worked, but not mounted or set (excl. unmounted stones for pick-up styluses, worked stones, suitable for use as parts of meters, measuring instruments or other articles of chapter 90) 4.1%
Electrical apparatus for line telephony or line...Electrical apparatus for line telephony or line telegraphy, incl. line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones; parts thereof 3.4%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses incl. those in the form of transdermal administration or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 2.9%
See More Products 78.2%

Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

To go further, check out our service Import Export Flows.

 

Main Services

Source: United Nations Statistics Division, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

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Actualitzacions: October 2022

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