Flag Israel

Econ Complexity (2018): 1.28, Rank 19 of 137

Product Exports (2018): $59B, Rank 51 of 222

Exports Per Capita (2018): $6.65k, Rank 68 of 219

Product Imports (2018): $76.6B, Rank 43 of 221

Imports Per Capita (2018): $8.63k, Rank 66 of 219

Service Exports (2018): $27.9B, Rank 20 of 88

Service Imports (2018): $27.2B, Rank 21 of 88

GDP (2018): $371B, CURRENT US$
Rank 31 of 196

GDP growth (2008 - 2018): 71.5%, CURRENT US$
Rank 53 of 196

GDP PC (2018): $41,715, CURRENT US$
Rank 25 of 196

GDP PC GROWTH (2008 - 2018): 41.1%, CURRENT US$
Rank 59 of 196

Overview: This page contains the latest international trade data for Israel, including service trade data, and tariffs. In 2018 Israel was the number 31 economy in the world in terms of GDP (current US$), the number 51 in total exports, the number 43 in total imports, and the number 19 most complex economy according to the Economic Complexity Index (ECI). In 2018, Israel exported $59B and imported $76.6B, resulting in a negative trade balance of -$17.6B. In 2018, Israel's exports per capita were $6.65k and its imports per capita were $8.63k.

Trade: The top exports of Israel are Diamonds ($10.7B), Packaged Medicaments ($4.04B), Refined Petroleum ($2.76B), Integrated Circuits ($2.63B), and Other Measuring Instruments ($1.45B). The top imports of Israel are Crude Petroleum ($7.23B), Diamonds ($6.76B), Cars ($4.54B), Refined Petroleum ($1.8B), and Photo Lab Equipment ($1.79B).

Destinations: Israel exports mostly to United States ($19B), China ($5.15B), Palestine ($3.03B), United Kingdom ($2.19B), and Germany ($2.17B), and imports mostly from United States ($10.3B), China ($9.92B), Turkey ($6.35B), Germany ($5.35B), and Russia ($4.21B).

Location: Israel borders Egypt, Jordan, Lebanon, and Syria by land and Cyprus by sea.

Yearly Exports

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Top Export (2018): Diamonds, $10.7B

Top Destination (2018): United States, $19B

In 2018 Israel exported a total of $59B, making it the number 51 exporter in the world. During the last five reported years the exports of Israel have changed by -$11.8B from $70.8B in 2013 to $59B in 2018.

The most recent exports are led by Diamonds ($10.7B), Packaged Medicaments ($4.04B), Refined Petroleum ($2.76B), Integrated Circuits ($2.63B), and Other Measuring Instruments ($1.45B). The most common destination for the exports of Israel are United States ($19B), China ($5.15B), Palestine ($3.03B), United Kingdom ($2.19B), and Germany ($2.17B).

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Yearly Imports

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Top Import (2018): Crude Petroleum, $7.23B

Top Origin (2018): United States, $10.3B

In 2018 Israel imported $76.6B, making it the number 43 trade destination in the world. During the last five reported years the imports of Israel changed by $11.9B from $64.8B in 2013 to $76.6B in 2018.

The most recent imports of Israel are led by Crude Petroleum ($7.23B), Diamonds ($6.76B), Cars ($4.54B), Refined Petroleum ($1.8B), and Photo Lab Equipment ($1.79B). The most common import partners for Israel are United States ($10.3B), China ($9.92B), Turkey ($6.35B), Germany ($5.35B), and Russia ($4.21B).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Israel Exports Services (2018): $27.9B

Israel Imports Services (2018): $27.2B

In 2018, Israel exported $27.9B worth of services. The top services exported by Israel in 2018 were Miscellaneous business, professional, and technical services ($10.4B), Personal travel ($5.51B), Transportation ($4.46B), Royalties and license fees ($2.2B), and Business travel ($1.74B).

The top services imported by Israel in 2018 were Transportation ($7.9B), Travel ($7.67B), Miscellaneous business, professional, and technical services ($7.12B), Financial services ($855M), and Construction services ($765M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Israel. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Israel are Milk and cream powder sweetened < 1.5% fat (212%) and Milk and cream powder unsweetened < 1.5% fat (212%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Israel are:
102: Canada - Israel Free Trade Agreement
128: Israel - Palestinian Authority customs union (internal border checks)
134: Mexico Free Trade Agreement
136: Most Favoured Nation duty rate treatement
163: Preferential tariff for Argentina
173: Preferential tariff for Brazil
217: Preferential tariff for European Free Trade Association (EFTA) countries
219: Preferential tariff for European Union countries (AA) Association Agreement
247: Preferential tariff for Jordan
288: Preferential tariff for Paraguay
330: Preferential tariff for Uruguay
382: Turkey Free Trade Agreement
387: United States - Israel Free Trade Agreement

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years Israel's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨16th to the 19th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Israel has a high level of specialization in Phenol Derivatives (58.8), Phosphatic Fertilizers (42.7), Tool Plates (37.8), Halogens (36.2), and Diamonds (28.8). Specialization is measured using RCA, an index that takes the ratio between Israel observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Israel according to the product complexity index (PCI) are Equipment for physical and chemical analysis (1.87), Tool plates, tips, etc, sintered metal carbide, cermet (1.81), Equipment using X-rays, alpha, beta, gamma rays (1.8), Polyamides in primary forms (1.71), and Microscopes except optical, diffraction apparatus (1.69). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Israel according to the relatedness index, are Laboratory Reagents (0.23), Hard Liquor (0.23), Revenue Stamps (0.23), Collector's Items (0.23), and Scrap Lead (0.23). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Israel is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.