Exporting to Israel

Israel Export Guide | Trade Finance Global

Exporting to Israel

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.

Israel Country Profile

Official Name (Local Language)Medinat Yisra'el
CapitalTel Aviv
Population8,174,527
CurrencyIsraeli New Shekel
GDP$311.7 billion
LanguagesHebrew
Telephone Dial In972

Israel Imports Profile

Imports ($m USD)

69,116

Number of Import Products

4,222

Number of Import Partners

166

Top 5 import partners

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

Top 5 Import Products at HS 6 digit level

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%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Israel

Agriculture

%

Product List

2.1%

Citrus, vegetables, cotton; beef, poultry, dairy products

Industry

%

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,

Services

%

Service List

0,69%

Computer and information services Other business services Travel Transportation Construction services Royalties and license fees Communications services Insurance services Government services

Exporting to Israel: What is trade finance?

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

Government Website

http://www.knesset.gov .il/

Sovereign Ratings

https://countryeconomy .com/ratings/israel

Central Bank

Bank of Israel

Currency USD Exchange Rate

3871

Unemployment Rate

0,05

Population below poverty line

0,22

Inflation Rate

-0.5%

Prime Lending Rate

0.1%

GDP

$311.7 billion

GDP Pro Capita (PPP)

$34,800

Currency Name

Israeli New Shekel

Currency Code

ILS

World Bank Classification

High Income

Competitive Industrial Performance

24/138

Corruption Perceptions Index

32/180

Ease of Doing Business

49/190

Enabling Trade Index

30/136

Currency in Israel

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