Export products constitute around 40% of Israel’s total Gross Domestic Product (GDP). Among all these products, cut diamonds, precious metals and stones comprise 31% while around 18% are high-technology equipment and mechanical machinery and appliances. Other major exports would also include pharmaceutical products and fertilizers. In addition to the European Union, Israel’s major exporting partners are the United States and Hong Kong which comprises 28% and 8% of the total exports, respectively.
However, a 3.1 percent decrease in exports have been reported each year, primarily due to the decline of the manufacturing and mining shipments by 4.4 percent and agriculture products that reduced by 28.7 percent. In average, exports in Israel are reported to reach $1,381. 27 million within the years 1959-2015. The Central Bureau of Statistics also presented that on March 2011, exports from Israel peaked at $5,848.30 million and dipped low at $10.80 million in July 1959. Israel exports primarily to the United States, China, Germany and Belgium-Luxembourg.
Official Name (Local Language) | Medinat Yisra'el | Capital | Tel Aviv | Population | 8,174,527 | Currency | Israeli New Shekel | GDP | $311.7 billion | Languages | Hebrew | Telephone Dial In | 972 |
69,116
4,222
166
Country
Trade
% Profit Share
United States
8,087
11.70
China
6,527
9.44
Switzerland
5,504
7.96
Germany
4,721
6.83
United Kingdom
4,307
6.23
Export product
Number
Petroleum oils and oils obtained from bituminou
9.8%
Diamonds non-industrial unworked or simply sawn
6.5%
Diamonds non-industrial nes excluding mounted o
5.3%
Petroleum oils, etc, (excl. crude); preparation
2.8%
Apparatus and equipment for photographic (incl
2.7%
%
Product List
2.1%
Citrus, vegetables, cotton; beef, poultry, dairy products
%
Industry List
27.3%
High-technology products (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, pharmaceuticals,
%
Service List
69%
Computer and information services Other business services Travel Transportation Construction services Royalties and license fees Communications services Insurance services Government services
Export products constitute around 40% of Israel’s total Gross Domestic Product (GDP). Among all these products, cut diamonds, precious metals and stones comprise 31% while around 18% are high-technology equipment and mechanical machinery and appliances. Other major exports would also include pharmaceutical products and fertilizers. In addition to the European Union, Israel’s major exporting partners are the United States and Hong Kong which comprises 28% and 8% of the total exports, respectively.
However, a 3.1 percent decrease in exports have been reported each year, primarily due to the decline of the manufacturing and mining shipments by 4.4 percent and agriculture products that reduced by 28.7 percent. In average, exports in Israel are reported to reach $1,381. 27 million within the years 1959-2015. The Central Bureau of Statistics also presented that on March 2011, exports from Israel peaked at $5,848.30 million and dipped low at $10.80 million in July 1959. Israel exports primarily to the United States, China, Germany and Belgium-Luxembourg.
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Israel Economic Statistics
https://www.knesset.gov.il/
https://countryeconomy.com/ratings/israel
Bank of Israel
3.871
5%
22%
-0.5%
0.1%
$311.7 billion
$34,800
Israeli New Shekel
ILS
High Income
24/138
32/180
49/190
30/136
Currency in Israel