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Pricing

2023
Flag → Flag
Exports $2.05BRnk 34 / 137
2023
Flag → Flag
Top Product $463MHot-Rolled Iron Bars
2023
Flag → Flag
Exports $552MRnk 27 / 150
2023
Flag → Flag
Top Product $82.1MTropical Fruits
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 1.28Rnk 19 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$514BCURRENT US$
Rnk 28 / 195
2013-2023
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GDP GROWTH72.6%CURRENT US$
Rnk 38 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$52,642CURRENT US$
Rnk 24 / 196
2013-2023
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GDP PC GROWTH42.5%CURRENT US$
Rnk 56 / 195

About

Russia-Israel Trade: In 2023, Russia exported $2.05B to Israel. The main products that Russia exported to Israel were Hot-Rolled Iron Bars ($463M), Refined Petroleum ($403M), and Wheat ($314M). Over the past 5 years the exports of Russia to Israel have decreased at an annualized rate of 15.7%, from $4.83B in 2018 to $2.05B in 2023.

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.

Israel-Russia Trade: In 2023, Israel exported $552M to Russia. The main products that Israel exported to Russia were Tropical Fruits ($82.1M), Beauty Products ($37.8M), and Pesticides ($33.6M). Over the past 5 years the exports of Israel to Russia have decreased at an annualized rate of 6.3%,  from $764M in 2018 to $552M in 2023.

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.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $155M and imported $90.4M from Israel, resulting in a positive trade balance of $64.2M. Between January 2021 and January 2022 the exports of Russia have increased by $51M (49.2%) from $104M to $155M, while imports increased by $36.2M (66.7%) from $54.2M to $90.4M.

Trade In January 2022, the top exports of Russia to Israel were Hot-Rolled Iron Bars ($34.7M), Diamonds ($17.2M), Refined Petroleum ($15.3M), Barley ($6.8M), and Coal Briquettes ($6.02M). In January 2022 the top imports of Russia from Israel were Other Vegetables ($14.6M), Tropical Fruits ($4.34M), Beauty Products ($2.48M), Interchangeable Tool Parts ($2.15M), and Root Vegetables ($1.85M).

Origins In January 2022 the exports of Russia were mainly from KRASNODAR TERRITORY ($57.3M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($27.1M), REPUBLIC OF SAKHA (YAKUTIA) ($10.9M), KEMEROVO REGION ($8.17M), and REPUBLIC OF KHAKASSIA ($7.98M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($56.6M), KRASNODAR TERRITORY ($12M), ST. PETERSBURG ($7.42M), MOSCOW REGION ($6.98M), and SVERDLOVSK REGION ($1.26M).

Growth In January 2022, the increase in Russia's year-by-year exports to Israel was explained primarily by an increase in product exports in Hot-Rolled Iron Bars ($22.9M or 196%), Refined Petroleum ($11.7M or 326%), and Coal Briquettes ($1.71M or 39.5%). In January 2022, the increase in Russia's year-by-year imports  from Israel was explained primarily by an increase in product imports  in Other Heating Machinery ($970k or 220%), Other Furniture ($896k or 229%), and Beauty Products ($890k or 55.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$51M(49.2%)
IMPORT GROWTH (January 2021 - January 2022)$36.2M(66.7%)
MAIN EXPORTER (January 2022)KRASNODAR TERRITORY$57.3M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Israel and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Israel and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $2.05B to Israel. The main products exported from Russia to Israel were Hot-Rolled Iron Bars ($463M), Refined Petroleum ($403M), and Wheat ($314M). During the last 5 years the exports of Russia to Israel have decreased at an annualized rate of 15.7%, from $4.83B in 2018 to $2.05B in 2023.

In 2018, Israel exported $552M to Russia. The main products exported from Israel to Russia were Tropical Fruits ($82.1M), Beauty Products ($37.8M), and Pesticides ($33.6M). During the last 5 years the exports of Israel to Russia have decreased at an annualized rate of 6.3%, from $764M in 2023 to $552M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Israel
Top DestinationUnited States$20.3B

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

In 2023, countries that imported more from Russia than Israel included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Israel than Russia included United States ($20.3B), Ireland ($4.22B), and United Kingdom ($2.11B).

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

Comparative Advantage Russia - Israel

Flow
Scale

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

During 2023, Russia had a large net trade with Israel in the exports of Metals ($701M), Vegetable Products ($553M), and Mineral Products ($478M).

During 2018, Israel had a large net trade with Russia in the exports of Vegetable Products ($156M), Chemical Products ($126M), and Machines ($82M).

Potential Exports

Potential Exports

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

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

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

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