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2023
Flag → Flag
Exports $2.11BRnk 7 / 150
2023
Flag → Flag
Top Product $265MDiamonds
2023
Flag → Flag
Exports $1.8BRnk 36 / 223
2023
Flag → Flag
Top Product $400MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI 1.28Rnk 19 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Israel-United Kingdom Trade: In 2023, Israel exported $2.11B to United Kingdom. The main products that Israel exported to United Kingdom were Diamonds ($265M), Unpackaged Medicaments ($115M), and Medical Instruments ($106M). Over the past 5 years the exports of Israel to United Kingdom have increased at an annualized rate of 6.89%, from $1.51B in 2018 to $2.11B in 2023.

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 2023, United Kingdom exported $1.8B to Israel. The main products that United Kingdom exported to Israel were Gas Turbines ($400M), Packaged Medicaments ($115M), and Hard Liquor ($82.6M). Over the past 5 years the exports of United Kingdom to Israel have decreased at an annualized rate of 2.81%,  from $2.08B in 2018 to $1.8B in 2023.

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 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Israel exported $2.11B to United Kingdom. The main products exported from Israel to United Kingdom were Diamonds ($265M), Unpackaged Medicaments ($115M), and Medical Instruments ($106M). During the last 5 years the exports of Israel to United Kingdom have increased at an annualized rate of 6.89%, from $1.51B in 2018 to $2.11B in 2023.

In 2018, United Kingdom exported $1.8B to Israel. The main products exported from United Kingdom to Israel were Gas Turbines ($400M), Packaged Medicaments ($115M), and Hard Liquor ($82.6M). During the last 5 years the exports of United Kingdom to Israel have decreased at an annualized rate of 2.81%, from $2.08B in 2023 to $1.8B in 2018.

Exports from Israel (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Israel (Flag) (2023)

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$59.7B

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 2023, countries that imported more from Israel than United Kingdom included Egypt ($2.23B) and Cuba ($7.43M).

In 2023, countries that imported more from United Kingdom than Israel included United States ($59.7B), Germany ($34.6B), and China ($35.3B).

Difference in imports from United Kingdom (Flag) and Israel (Flag) (2023)

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 2023, Israel had a large net trade with United Kingdom in the exports of Chemical Products ($540M), Machines ($361M), and Precious Metals ($304M).

During 2018, United Kingdom had a large net trade with Israel in the exports of Machines ($764M), Chemical Products ($290M), and Transportation ($191M).

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) (2023)

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