Refined Petroleum in Israel

EXPORTS (2018): $2.76B, World Rnk 40 / 198
Flag Rnk 3 / 1135

TOP DESTINATION (2018): $603M, Turkey

FASTEST GROWING IN MARKET (2017 - 2018): $542M, Palestine

IMPORTS (2018): $1.8B, World Rnk 74 / 221
Flag Rnk 4 / 1192

TOP ORIGIN (2018): $592M, Russia

FASTEST GROWING ORIGIN (2017 - 2018): $552M, India

ECONOMIC COMPLEXITY of Israel (2018): 1.28, Rnk 19 / 137

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Exports: In 2018, Israel exported $2.76B in Refined Petroleum, making it the 40th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Israel. The main destination of Refined Petroleum exports from Israel are: Turkey ($603M), Palestine ($542M), Cyprus ($506M), Greece ($443M), and Nigeria ($177M).

The fastest growing export markets for Refined Petroleum of Israel between 2017 and 2018 were Palestine ($542M), Cyprus ($197M), and Nigeria ($90.6M).

Imports: In 2018, Israel imported $1.8B in Refined Petroleum, becoming the 74th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in Israel. Israel imports Refined Petroleum primarily from: Russia ($592M), India ($576M), United States ($202M), Italy ($72.2M), and Greece ($67.8M).

The fastest growing import markets in Refined Petroleum for Israel between 2017 and 2018 were India ($552M), Russia ($425M), and Greece ($53.6M).

Tariffs: In 2017, the average tariff for Israel in Refined Petroleum was 0.78%. The countries with the highest import tariffs for Refined Petroleum were Angola (0.92%), Burundi (0.92%), Benin (0.92%), Burkina Faso (0.92%), and Botswana (0.92%).

Value

EXPORTS (2018): $2.76B

IMPORTS (2018): $1.8B

NET TRADE (2018): $960M

In 2018, Israel exported $2.76B in Refined Petroleum. The main destinations of Israel exports on Refined Petroleum were Turkey ($603M), Palestine ($542M), Cyprus ($506M), Greece ($443M), and Nigeria ($177M).

In 2018, Israel imported $1.8B in Refined Petroleum, mainly from Russia ($592M), India ($576M), United States ($202M), Italy ($72.2M), and Greece ($67.8M).

IN 2018, Israel HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

  • Turkey, $586M ($603M - $17.4M)
  • Palestine, $541M ($542M - $791k)
  • Cyprus, $492M ($506M - $13.8M)

IN 2018, Israel HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • Russia, -$592M ($135k - $592M)
  • India, -$576M ($119k - $576M)
  • United States, -$190M ($11.8M - $202M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Israel WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Israel WERE (2017 - 2018):

Market Concentration

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Flow
Type

In 2018, Israel' main exporting competitors in Refined Petroleum were:

In 2018, Israel' main importing competitors in Refined Petroleum were:

Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum in Israel. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Israel in Refined Petroleum was 0.78%.

The countries with the highest tariffs for Refined Petroleum in Israel were Angola (0.92%), Burundi (0.92%), Benin (0.92%), Burkina Faso (0.92%), and Botswana (0.92%).

Explore Tariff Data