2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 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 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 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

India-Israel Trade: In 2023, India exported $2.43B to Israel. The main products that India exported to Israel were Diamonds ($860M), Broadcasting Equipment ($183M), and Weapons Parts and Accessories ($113M). Over the past 5 years the exports of India to Israel have increased at an annualized rate of 2.64%, from $2.13B in 2018 to $2.43B in 2023.

In 2023, India did not export any services to Israel.

Israel-India Trade: In 2023, Israel exported $1.76B to India. The main products that Israel exported to India were Planes, Helicopters, and/or Spacecraft ($185M), Explosive Ammunition ($133M), and Integrated Circuits ($127M). Over the past 5 years the exports of Israel to India have decreased at an annualized rate of 3.16%,  from $2.07B in 2018 to $1.76B in 2023.

In 2012, Israel exported services to India worth $57.4M, with Computer and information services ($57.4M) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $2.43B to Israel. The main products exported from India to Israel were Diamonds ($860M), Broadcasting Equipment ($183M), and Weapons Parts and Accessories ($113M). During the last 5 years the exports of India to Israel have increased at an annualized rate of 2.64%, from $2.13B in 2018 to $2.43B in 2023.

In 2018, Israel exported $1.76B to India. The main products exported from Israel to India were Planes, Helicopters, and/or Spacecraft ($185M), Explosive Ammunition ($133M), and Integrated Circuits ($127M). During the last 5 years the exports of Israel to India have decreased at an annualized rate of 3.16%, from $2.07B in 2023 to $1.76B in 2018.

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

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

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Israel
Top Destination
United States$20.3B

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

In 2023, countries that imported more from India than Israel included United States ($85.5B), United Arab Emirates ($28.8B), and United Kingdom ($14.4B).

In 2023, countries that imported more from Israel than India included Ireland ($4.22B) and Cyprus ($671M).

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

Comparative Advantage India - Israel

Flow
Scale

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

During 2023, India had a large net trade with Israel in the exports of Precious Metals ($894M), Machines ($380M), and Chemical Products ($225M).

During 2018, Israel had a large net trade with India in the exports of Machines ($604M), Chemical Products ($352M), and Transportation ($205M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Israel+$202MDiamonds
Top Product Potential Israel India+$305MDiamonds

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 India and Israel. This means that a dot/product with the flag of India indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over India.

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

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