2023
Flag  
GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
GDP PC 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC
$52,642CURRENT US$
Rnk 24 / 196
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195

About

Canada-Israel Trade: In 2023, Canada exported $403M to Israel. The main products that Canada exported to Israel were Diamonds ($47.8M), Packaged Medicaments ($35.7M), and Perfume Plants ($26.7M). Over the past 5 years the exports of Canada to Israel have decreased at an annualized rate of 1.28%, from $430M in 2018 to $403M in 2023.

In 2020, Canada exported services to Israel worth $91.7M, with Computer and information services ($31.3M), Travel ($20.9M), and Transportation ($17.9M) being the largest in terms of value.

Israel-Canada Trade: In 2023, Israel exported $1.03B to Canada. The main products that Israel exported to Canada were Medical Instruments ($89.9M), Gas Turbines ($81.8M), and LCDs ($51.6M). Over the past 5 years the exports of Israel to Canada have decreased at an annualized rate of 0.71%,  from $1.08B in 2018 to $1.03B in 2023.

In 2012, Israel exported services to Canada worth $16.6M, with Computer and information services ($16.6M) being the largest in terms of value.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $403M to Israel. The main products exported from Canada to Israel were Diamonds ($47.8M), Packaged Medicaments ($35.7M), and Perfume Plants ($26.7M). During the last 5 years the exports of Canada to Israel have decreased at an annualized rate of 1.28%, from $430M in 2018 to $403M in 2023.

In 2018, Israel exported $1.03B to Canada. The main products exported from Israel to Canada were Medical Instruments ($89.9M), Gas Turbines ($81.8M), and LCDs ($51.6M). During the last 5 years the exports of Israel to Canada have decreased at an annualized rate of 0.71%, from $1.08B in 2023 to $1.03B in 2018.

Exports from Canada (Flag) to Israel (Flag) (2023)

Exports from Israel (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Israel
Top Destination
United States$20.3B

This map shows whether countries import more from Canada or Israel. Each country is colored based on the difference in imports they receive from Canada and Israel or the difference in the growth in imports.

In 2023, countries that imported more from Canada than Israel included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Israel than Canada included Ireland ($4.22B), Egypt ($2.23B), and Cyprus ($671M).

Difference in imports from Israel (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Israel

Flow
Scale

This chart compares trade between Canada and Israel by product, considering products traded by both, Canada and Israel.

During 2023, Canada had a large net trade with Israel in the exports of Machines ($121M), Vegetable Products ($68.1M), and Chemical Products ($53.2M).

During 2018, Israel had a large net trade with Canada in the exports of Machines ($287M), Instruments ($195M), and Chemical Products ($175M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Israel+$53.1MCars
Top Product Potential Israel Canada+$28.9MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Israel. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Israel (Flag) (2023)

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