2022
Exports
$3.2BWorld Rnk 24 / 223
Flag Rnk 8 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$3.52BWorld Rnk 35 / 226
Flag Rnk 7 / 96
2022
ECONOMIC COMPLEXITY of Israel
1.23Rnk 20 / 133

About

Exports In 2022, Israel exported $3.2B in Pharmaceutical products, making it the 24th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 8th most exported product in Israel. The main destination of Pharmaceutical products exports from Israel are: United Kingdom ($1.23B), United States ($1.1B), Palestine ($107M), France ($106M), and Germany ($101M).

The fastest growing export markets for Pharmaceutical products of Israel between 2021 and 2022 were United Kingdom ($814M), France ($89.1M), and Germany ($21M).

Imports In 2022, Israel imported $3.52B in Pharmaceutical products, becoming the 35th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 7th most imported product in Israel. Israel imports Pharmaceutical products primarily from: Switzerland ($547M), Germany ($518M), Belgium ($487M), Netherlands ($385M), and United States ($251M).

The fastest growing import markets in Pharmaceutical products for Israel between 2021 and 2022 were Denmark ($68.8M), Austria ($41.8M), and Sweden ($38.4M).

COMPANIES In 2023, leading companies such as The Tile Shop (1) were at the forefront of shipping Pharmaceutical products from Israel to the United States.

Latest Trends

Oct 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 Pharmaceutical products. 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 (2022)$3.2B
IMPORTS (2022)$3.52B
NET TRADE (2022)-$319M

In 2022, Israel exported $3.2B in Pharmaceutical products. The main destinations of Israel exports on Pharmaceutical products were United Kingdom ($1.23B), United States ($1.1B), Palestine ($107M), France ($106M), and Germany ($101M).

In 2022, Israel imported $3.52B in Pharmaceutical products, mainly from Switzerland ($547M), Germany ($518M), Belgium ($487M), Netherlands ($385M), and United States ($251M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Israel WERE (2021 - 2022):
United Kingdom$814M (195%)
France$89.1M (519%)
Germany$21M (26.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Israel WERE (2021 - 2022):
United States-$425M (-27.9%)
Netherlands-$23.5M (-29.2%)
Russia-$14.1M (-46.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Israel' main exporting competitors in Pharmaceutical products were:
In 2022, Israel' main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $231M
TOP IMPORT POTENTIALGermany+ $154M

Pharmaceutical products’s highest export potential is United States. With an export gap of $231M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $154M.

See methodology.

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