2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC
$52,642CURRENT US$
Rnk 24 / 196
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195

About

Germany-Israel Trade: In 2023, Germany exported $5.27B to Israel. The main products that Germany exported to Israel were Cars ($581M), Packaged Medicaments ($308M), and Delivery Trucks ($178M). Over the past 5 years the exports of Germany to Israel have increased at an annualized rate of 1.55%, from $4.88B in 2018 to $5.27B in 2023.

In 2009, Germany exported services to Israel worth $1.27B, with Services not allocated ($668M), Transportation ($301M), and Other business services ($186M) being the largest in terms of value.

Israel-Germany Trade: In 2023, Israel exported $2.75B to Germany. The main products that Israel exported to Germany were Packaged Medicaments ($173M), Medical Instruments ($158M), and Planes, Helicopters, and/or Spacecraft ($155M). Over the past 5 years the exports of Israel to Germany have increased at an annualized rate of 4.4%,  from $2.22B in 2018 to $2.75B in 2023.

In 2012, Israel exported services to Germany worth $590M, with Computer and information services ($440M), Royalties and license fees ($149M), and Construction services ($1.91M) being the largest in terms of value.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $5.27B to Israel. The main products exported from Germany to Israel were Cars ($581M), Packaged Medicaments ($308M), and Delivery Trucks ($178M). During the last 5 years the exports of Germany to Israel have increased at an annualized rate of 1.55%, from $4.88B in 2018 to $5.27B in 2023.

In 2018, Israel exported $2.75B to Germany. The main products exported from Israel to Germany were Packaged Medicaments ($173M), Medical Instruments ($158M), and Planes, Helicopters, and/or Spacecraft ($155M). During the last 5 years the exports of Israel to Germany have increased at an annualized rate of 4.4%, from $2.22B in 2023 to $2.75B in 2018.

Exports from Germany (Flag) to Israel (Flag) (2023)

Exports from Israel (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top Destination
United States$157B
Israel
Top Destination
United States$20.3B

This map shows whether countries import more from Germany or Israel. Each country is colored based on the difference in imports they receive from Germany and Israel or the difference in the growth in imports.

In 2023, countries that imported more from Germany than Israel included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, no countries were registered that imported more from Israel than from Germany.

Difference in imports from Israel (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Israel

Flow
Scale

This chart compares trade between Germany and Israel by product, considering products traded by both, Germany and Israel.

During 2023, Germany had a large net trade with Israel in the exports of Machines ($1.55B), Transportation ($1.21B), and Chemical Products ($902M).

During 2018, Israel had a large net trade with Germany in the exports of Machines ($858M), Chemical Products ($502M), and Instruments ($402M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Israel+$276MCars
Top Product Potential Israel Germany+$64.6MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Israel. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Israel (Flag) (2023)

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