2023
Exports
$199MWorld Rnk 21 / 212
Flag Rnk 65 / 1140
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.77Rnk 16 / 1025
2023
Imports
$56.7MWorld Rnk 52 / 223
Flag Rnk 251 / 1190
2023
ECONOMIC COMPLEXITY of Israel
1.28Rnk 19 / 132

About

Exports In 2023, Israel exported $199M in Interchangeable Tool Parts, making it the 21st largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 65th most exported product in Israel. The main destination of Interchangeable Tool Parts exports from Israel are: United States ($52.5M), Germany ($40.2M), China ($9.79M), India ($9.69M), and Mexico ($7.6M).

The fastest growing export markets for Interchangeable Tool Parts of Israel between 2022 and 2023 were Morocco ($4.48M), United States ($2.52M), and Germany ($2.45M).

Imports In 2023, Israel imported $56.7M in Interchangeable Tool Parts, becoming the 52nd largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 251st most imported product in Israel. Israel imports Interchangeable Tool Parts primarily from: China ($12.6M), Germany ($12.2M), United States ($6.83M), Italy ($3.96M), and South Korea ($3.67M).

The fastest growing import markets in Interchangeable Tool Parts for Israel between 2022 and 2023 were China ($597k), Poland ($434k), and Brazil ($394k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Interchangeable Tool Parts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$199M
IMPORTS (2023)$56.7M
NET TRADE (2023)$142M

In 2023, Israel exported $199M in Interchangeable Tool Parts. The main destinations of Israel exports on Interchangeable Tool Parts were United States ($52.5M), Germany ($40.2M), China ($9.79M), India ($9.69M), and Mexico ($7.6M).

In 2023, Israel imported $56.7M in Interchangeable Tool Parts, mainly from China ($12.6M), Germany ($12.2M), United States ($6.83M), Italy ($3.96M), and South Korea ($3.67M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Israel WERE (2022 - 2023):
Morocco$4.48M (10.8k%)
United States$2.52M (5.04%)
Germany$2.45M (6.49%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Israel WERE (2022 - 2023):
Russia-$5.72M (-75%)
China-$5.66M (-36.6%)
Japan-$4.74M (-43.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Israel' main exporting competitors in Interchangeable Tool Parts were:
In 2023, Israel' main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.1M
TOP IMPORT POTENTIALChina+ $5.72M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $11.1M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $5.72M.

See methodology.

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