Refined Petroleum in Israel

EXPORTS (2019): $1.72B, World Rnk 46 / 214
Flag Rnk 5 / 1139

TOP DESTINATION (2019): $591M, Turkey

FASTEST GROWING MARKET (2018 - 2019): $63.7M, Malta

IMPORTS (2019): $1.75B, World Rnk 74 / 225
Flag Rnk 4 / 1191

TOP ORIGIN (2019): $575M, India

FASTEST GROWING ORIGIN (2018 - 2019): $69.5M, United States

ECONOMIC COMPLEXITY of Israel (2019): 1.27, Rnk 21 / 157

PRODUCT COMPLEXITY  IN Refined Petroleum (2019): -0.87, Rnk 800 / 1029

Exports: In 2019, Israel exported $1.72B in Refined Petroleum, making it the 46th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Israel. The main destination of Refined Petroleum exports from Israel are: Turkey ($591M), Cyprus ($441M), Malta ($147M), Greece ($145M), and Nigeria ($120M).

The fastest growing export markets for Refined Petroleum of Israel between 2018 and 2019 were Malta ($63.7M), Spain ($46.3M), and South Korea ($27.9M).

Imports: In 2019, Israel imported $1.75B 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: India ($575M), Russia ($452M), United States ($272M), Greece ($133M), and Spain ($59.6M).

The fastest growing import markets in Refined Petroleum for Israel between 2018 and 2019 were United States ($69.5M), Greece ($66.6M), and Bulgaria ($24M).

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 (2019): $1.72B

IMPORTS (2019): $1.75B

NET TRADE (2019): -$30.7M

In 2019, Israel exported $1.72B in Refined Petroleum. The main destinations of Israel exports on Refined Petroleum were Turkey ($591M), Cyprus ($441M), Malta ($147M), Greece ($145M), and Nigeria ($120M).

In 2019, Israel imported $1.75B in Refined Petroleum, mainly from India ($575M), Russia ($452M), United States ($272M), Greece ($133M), and Spain ($59.6M).

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IN 2019, Israel HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Israel HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Israel WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Israel WERE (2018 - 2019):

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Market Concentration

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

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

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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%).

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