Importing from Israel

Israel Import Guide | Trade Finance Global

Importing from Israel

In 2013, Israel imported $66.1 billion and its GDP reached $ 290 billion. Imported products arriving in Israel originated from the United States (approximately $10 billion), China ($5.6) and Germany ($4.6 billion). In addition, the European Union (EU) heavily imports chemicals, fuels, machinery and equipment from Israel. Crude petroleum ($8.4 billion), diamonds (approximately $4 billion) and cars ($1.9 billion) comprise the majority of Israel’s import products. Aside from these, major imports would also include military equipment, crude oil and grains.

Israel Country Profile

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

Israel Exports Profile

Exports ($m USD)

61,150

Number of Export Products

3,041

Number of Export Partners

188

Top 5 export partners

Country

Trade

% Partner Share

United States

17,052

27.89

United Kingdom

5,168

8.45

Hong Kong, China

4,217

6.90

Unspecified

4,161

6.80

China

3,310

5.41

Top 5 Export Products at HS 6 digit level

Export Product

Number

Diamonds non-industrial nes excluding mounted

24.0%

Other medicaments with >=2 constituents, not

6.3%

Other medicaments of mixed or unmixed products,

5.2%

Monolithic integrated circuits, digital

4.5%

Diamonds non-industrial unworked or simply sawn

4.4%

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

%

Services List

69%

Importing from Israel: What is trade finance?

In 2013, Israel imported $66.1 billion and its GDP reached $ 290 billion. Imported products arriving in Israel originated from the United States (approximately $10 billion), China ($5.6) and Germany ($4.6 billion). In addition, the European Union (EU) heavily imports chemicals, fuels, machinery and equipment from Israel. Crude petroleum ($8.4 billion), diamonds (approximately $4 billion) and cars ($1.9 billion) comprise the majority of Israel’s import products. Aside from these, major imports would also include military equipment, crude oil and grains.

Information

Israel_Map

Importing from Israel? Contact our local experts

Israel_Flag

Israel Economic Statistics

Government Website

https://www.knesset.gov.il/

Sovereign Ratings

https://countryeconomy.com/ratings/israel

Central Bank

Bank of Israel

Currency USD Exchange Rate

3.871

Unemployment Rate

5%

Population below poverty line

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

About the Author

Brian Canup is the Business Development Executive at Trade Finance Global (TFG).

Brian holds a BA in Political Science from the University of Wisconsin-Madison and an MA in International Political Economy at King’s College London.

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