2023
Exports
$2.28BWorld Rnk 30 / 225
Flag Rnk 8 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$3.37BWorld Rnk 37 / 226
Flag Rnk 6 / 96
2023
ECONOMIC COMPLEXITY of Israel
1.28Rnk 19 / 132

About

Exports In 2023, Israel exported $2.28B in Pharmaceutical products, making it the 30th 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 States ($1.29B), Germany ($224M), United Kingdom ($126M), Austria ($104M), and Belgium ($60.4M).

The fastest growing export markets for Pharmaceutical products of Israel between 2022 and 2023 were Germany ($114M), United States ($79.4M), and Austria ($33.2M).

Imports In 2023, Israel imported $3.37B in Pharmaceutical products, becoming the 37th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most imported product in Israel. Israel imports Pharmaceutical products primarily from: United States ($663M), Germany ($504M), Switzerland ($346M), Ireland ($323M), and Spain ($180M).

The fastest growing import markets in Pharmaceutical products for Israel between 2022 and 2023 were United States ($432M), Germany ($188M), and Ireland ($156M).

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 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 (2023)$2.28B
IMPORTS (2023)$3.37B
NET TRADE (2023)-$1.1B

In 2023, Israel exported $2.28B in Pharmaceutical products. The main destinations of Israel exports on Pharmaceutical products were United States ($1.29B), Germany ($224M), United Kingdom ($126M), Austria ($104M), and Belgium ($60.4M).

In 2023, Israel imported $3.37B in Pharmaceutical products, mainly from United States ($663M), Germany ($504M), Switzerland ($346M), Ireland ($323M), and Spain ($180M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Israel WERE (2022 - 2023):
Germany$114M (103%)
United States$79.4M (6.57%)
Austria$33.2M (47.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Israel WERE (2022 - 2023):
United Kingdom-$1.05B (-89.3%)
Palestine-$107M (-100%)
Malta-$25.5M (-95.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Israel' main exporting competitors in Pharmaceutical products were:
In 2023, 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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