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2022
Flag → Flag
Exports $3.18BRnk 5 / 187
2022
Flag → Flag
Top Product $1.21BUnpackaged Medicaments
2022
Flag → Flag
Exports $2.53BRnk 30 / 224
2022
Flag → Flag
Top Product $321MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Israel-United Kingdom Trade: In 2022, Israel exported $3.18B to United Kingdom. The main products that Israel exported to United Kingdom were Unpackaged Medicaments ($1.21B), Diamonds ($385M), and Medical Instruments ($80.3M). Over the past 5 years the exports of Israel to United Kingdom have increased at an annualized rate of 6.28%, from $2.35B in 2017 to $3.18B in 2022.

In 2012, Israel exported services to United Kingdom worth $375M, with Computer and information services ($343M), Royalties and license fees ($30M), and Construction services ($1.75M) being the largest in terms of value.

United Kingdom-Israel Trade: In 2022, United Kingdom exported $2.53B to Israel. The main products that United Kingdom exported to Israel were Gas Turbines ($321M), Packaged Medicaments ($160M), and Diamonds ($114M). Over the past 5 years the exports of United Kingdom to Israel have decreased at an annualized rate of 0.76%,  from $2.75B in 2017 to $2.53B in 2022.

In 2009, United Kingdom exported services to Israel worth $1.42B, with Services not allocated ($1B), Transportation ($228M), and Travel ($191M) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Israel exported $3.18B to United Kingdom. The main products exported from Israel to United Kingdom were Unpackaged Medicaments ($1.21B), Diamonds ($385M), and Medical Instruments ($80.3M). During the last 5 years the exports of Israel to United Kingdom have increased at an annualized rate of 6.28%, from $2.35B in 2017 to $3.18B in 2022.

In 2017, United Kingdom exported $2.53B to Israel. The main products exported from United Kingdom to Israel were Gas Turbines ($321M), Packaged Medicaments ($160M), and Diamonds ($114M). During the last 5 years the exports of United Kingdom to Israel have decreased at an annualized rate of 0.76%, from $2.75B in 2022 to $2.53B in 2017.

Exports from Israel (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Israel (Flag) (2022)

Latest Data

Trade between Israel (Flag) and United Kingdom (Flag)

Israel Exports

United Kingdom Exports

Market Competitiveness

Color
Israel
Top DestinationUnited States$20.3B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Israel than United Kingdom included Palestine ($4.6B), Cyprus ($827M), and Cuba ($7.87M).

In 2022, countries that imported more from United Kingdom than Israel included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Israel (Flag) (2022)

Comparative Advantage Israel - United Kingdom

Flow
Scale

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

During 2022, Israel had a large net trade with United Kingdom in the exports of Chemical Products ($1.63B), Precious Metals ($432M), and Machines ($299M).

During 2017, United Kingdom had a large net trade with Israel in the exports of Machines ($1.02B), Chemical Products ($355M), and Transportation ($212M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel United Kingdom+$41.6MTelephones
Top Product Potential United Kingdom Israel+$80.8MCars

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

Product Space of Israel (Flag) and United Kingdom (Flag) (2022)

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