2023
Exports
$340MWorld Rnk 60 / 226
Flag Rnk 19 / 96
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$1.47BWorld Rnk 48 / 226
Flag Rnk 10 / 96
2023
ECONOMIC COMPLEXITY of Israel
1.28Rnk 19 / 132

About

Exports In 2023, Israel exported $340M in Iron or steel articles, making it the 60th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 19th most exported product in Israel. The main destination of Iron or steel articles exports from Israel are: United States ($134M), Germany ($29.4M), China ($21.8M), Singapore ($12.7M), and Poland ($11M).

The fastest growing export markets for Iron or steel articles of Israel between 2022 and 2023 were Italy ($2.43M), Poland ($2.37M), and Germany ($2.17M).

Imports In 2023, Israel imported $1.47B in Iron or steel articles, becoming the 48th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 10th most imported product in Israel. Israel imports Iron or steel articles primarily from: China ($448M), United States ($239M), Turkey ($224M), Italy ($81.3M), and Germany ($73M).

The fastest growing import markets in Iron or steel articles for Israel between 2022 and 2023 were United Arab Emirates ($10.3M), France ($9.8M), and Spain ($9.25M).

COMPANIES In 2024, leading companies such as ZF Friedrichshafen (11) were at the forefront of shipping Iron or steel articles from Israel to the United States.

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 Iron or steel articles. 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)$340M
IMPORTS (2023)$1.47B
NET TRADE (2023)-$1.13B

In 2023, Israel exported $340M in Iron or steel articles. The main destinations of Israel exports on Iron or steel articles were United States ($134M), Germany ($29.4M), China ($21.8M), Singapore ($12.7M), and Poland ($11M).

In 2023, Israel imported $1.47B in Iron or steel articles, mainly from China ($448M), United States ($239M), Turkey ($224M), Italy ($81.3M), and Germany ($73M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Israel WERE (2022 - 2023):
Italy$2.43M (59.1%)
Poland$2.37M (27.5%)
Germany$2.17M (7.97%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Israel WERE (2022 - 2023):
United States-$32.9M (-19.7%)
Palestine-$27.5M (-100%)
Singapore-$11.3M (-47.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Israel' main exporting competitors in Iron or steel articles were:
In 2023, Israel' main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $29.3M
TOP IMPORT POTENTIALChina+ $96.9M

Iron or steel articles’s highest export potential is United States. With an export gap of $29.3M.   Iron or steel articles’s highest import potential is China with an import gap of $96.9M.

See methodology.

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