Overview: In 2019 Israel was the number 30 economy in the world in terms of GDP (current US$), the number 50 in total exports, the number 43 in total imports,
the number 21 economy in terms of GDP per capita (current US$) and the number 20 most complex economy according to the Economic Complexity Index (ECI)
In 2019, Israel exported a total of $56B, making it the number 50 exporter in the world. During the last five reported years the exports of Israel have changed by -$16.9B from $72.9B in 2014 to $56B in 2019.
In 2019 Israel imported $72.9B, making it the number 43 trade destination in the world. During the last five reported years the imports of Israel changed by $2.31B from $70.5B in 2014 to $72.9B in 2019.
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).
*The tariffs applied to imports for Israel are:102: Canada - Israel Free Trade Agreement128: Israel - Palestinian Authority customs union (internal border checks)134: Mexico Free Trade Agreement136: Most Favoured Nation duty rate treatement163: Preferential tariff for Argentina173: Preferential tariff for Brazil217: Preferential tariff for European Free Trade Association (EFTA) countries219: Preferential tariff for European Union countries (AA) Association Agreement247: Preferential tariff for Jordan288: Preferential tariff for Paraguay330: Preferential tariff for Uruguay382: Turkey Free Trade Agreement387: United States - Israel Free Trade Agreement
During the last 20 years Israel's economy has become relatively less complex, moving from the 15th to the 20th 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.
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.
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.