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2023
Flag → Flag
Exports $1.03BRnk 18 / 150
2023
Flag → Flag
Top Product $89.9MMedical Instruments
2023
Flag → Flag
Exports $403MRnk 47 / 215
2023
Flag → Flag
Top Product $47.8MDiamonds
2023
Flag
Economic Complexity (ECI) ECI 1.28Rnk 19 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Israel-Canada Trade: In 2023, Israel exported $1.03B to Canada. The main products that Israel exported to Canada were Medical Instruments ($89.9M), Gas Turbines ($81.8M), and LCDs ($51.6M). Over the past 5 years the exports of Israel to Canada have decreased at an annualized rate of 0.99%, from $1.08B in 2018 to $1.03B in 2023.

In 2012, Israel exported services to Canada worth $16.6M, with Computer and information services ($16.6M) being the largest in terms of value.

Canada-Israel Trade: In 2023, Canada exported $403M to Israel. The main products that Canada exported to Israel were Diamonds ($47.8M), Packaged Medicaments ($35.7M), and Perfume Plants ($26.7M). Over the past 5 years the exports of Canada to Israel have decreased at an annualized rate of 1.28%,  from $430M in 2018 to $403M in 2023.

In 2020, Canada exported services to Israel worth $91.7M, with Computer and information services ($31.3M), Travel ($20.9M), and Transportation ($17.9M) being the largest in terms of value.

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Israel exported $1.03B to Canada. The main products exported from Israel to Canada were Medical Instruments ($89.9M), Gas Turbines ($81.8M), and LCDs ($51.6M). During the last 5 years the exports of Israel to Canada have decreased at an annualized rate of 0.99%, from $1.08B in 2018 to $1.03B in 2023.

In 2018, Canada exported $403M to Israel. The main products exported from Canada to Israel were Diamonds ($47.8M), Packaged Medicaments ($35.7M), and Perfume Plants ($26.7M). During the last 5 years the exports of Canada to Israel have decreased at an annualized rate of 1.28%, from $430M in 2023 to $403M in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Canada (Flag)

Israel Exports

Canada Exports

Market Competitiveness

Color
Israel
Top DestinationUnited States$20.3B
Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Israel than Canada included Ireland ($4.22B), Egypt ($2.23B), and Cyprus ($671M).

In 2023, countries that imported more from Canada than Israel included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Israel - Canada

Flow
Scale

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

During 2023, Israel had a large net trade with Canada in the exports of Machines ($287M), Instruments ($195M), and Chemical Products ($175M).

During 2018, Canada had a large net trade with Israel in the exports of Machines ($121M), Vegetable Products ($68.1M), and Chemical Products ($53.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Canada+$28.9MPackaged Medicaments
Top Product Potential Canada Israel+$53.1MCars

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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Bilateral Service Trade

In 2012, Israel exported services to Canada worth $16.6M, with Computer and information services ($16.6M) being the largest in terms of value.

In 2020, Canada exported services to Israel worth $91.7M, with Computer and information services ($31.3M), Travel ($20.9M), and Transportation ($17.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Israel (Flag) to Canada (Flag) (2012)

Services Exports from Canada (Flag) to Israel (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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