2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

Israel-Russia Trade: In 2022, Israel exported $653M to Russia. The main products that Israel exported to Russia were Tropical Fruits ($78.5M), Video Displays ($63.8M), and Other Vegetables ($56.8M). Over the past 5 years the exports of Israel to Russia have decreased at an annualized rate of 5.48%, from $866M in 2017 to $653M in 2022.

In 2012, Israel exported services to Russia worth $100M, with Computer and information services ($99.4M) and Construction services ($1.07M) being the largest in terms of value.

Russia-Israel Trade: In 2022, Russia exported $359M to Israel. The main products that Russia exported to Israel were Diamonds ($104M), Plywood ($42.3M), and Raw Aluminium ($18.4M). Over the past 5 years the exports of Russia to Israel have decreased at an annualized rate of 29.2%,  from $2.02B in 2017 to $359M in 2022.

In 2020, Russia exported services to Israel worth $212M, with Transportation ($65.8M), Other business services ($42.9M), and Travel ($42.2M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Israel exported $653M to Russia. The main products exported from Israel to Russia were Tropical Fruits ($78.5M), Video Displays ($63.8M), and Other Vegetables ($56.8M). During the last 5 years the exports of Israel to Russia have decreased at an annualized rate of 5.48%, from $866M in 2017 to $653M in 2022.

In 2017, Russia exported $359M to Israel. The main products exported from Russia to Israel were Diamonds ($104M), Plywood ($42.3M), and Raw Aluminium ($18.4M). During the last 5 years the exports of Russia to Israel have decreased at an annualized rate of 29.2%, from $2.02B in 2022 to $359M in 2017.

Exports from Israel (Flag) to Russia (Flag) (2022)

Exports from Russia (Flag) to Israel (Flag) (2022)

Latest Data

Trade between Israel (Flag) and Russia (Flag)

Israel Exports

Russia Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Russia
Top Destination
China$101B

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

In 2022, countries that imported more from Israel than Russia included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

In 2022, countries that imported more from Russia than Israel included China ($101B), India ($40.4B), and Germany ($27.7B).

Difference in imports from Russia (Flag) and Israel (Flag) (2022)

Comparative Advantage Israel - Russia

Flow
Scale

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

During 2022, Israel had a large net trade with Russia in the exports of Vegetable Products ($210M), Machines ($157M), and Chemical Products ($99.1M).

During 2017, Russia had a large net trade with Israel in the exports of Precious Metals ($105M), Wood Products ($59.2M), and Chemical Products ($50.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Russia+$43.1MTelephones
Top Product Potential Russia Israel+$47.7MDiamonds

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 Russia worth $100M, with Computer and information services ($99.4M) and Construction services ($1.07M) being the largest in terms of value.

In 2020, Russia exported services to Israel worth $212M, with Transportation ($65.8M), Other business services ($42.9M), and Travel ($42.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Russia (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 Russia. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Israel.

Product Space of Israel (Flag) and Russia (Flag) (2022)

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