Israel (ISR) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Israel-Russia Trade: In 2023, Israel exported $552M to Russia. The main products that Israel exported to Russia were Tropical Fruits ($82.1M), Beauty Products ($37.8M), and Pesticides ($33.6M). Over the past 5 years the exports of Israel to Russia have decreased at an annualized rate of 6.3%, from $764M in 2018 to $552M in 2023.

In 2012, Israel exported services to Russia worth $100M, with Computer and information services ($99.4M) and Construction services ($1.07M) being the largest in terms of value.

Russia-Israel Trade: In 2023, Russia exported $2.05B to Israel. The main products that Russia exported to Israel were Hot-Rolled Iron Bars ($463M), Refined Petroleum ($403M), and Wheat ($314M). Over the past 5 years the exports of Russia to Israel have decreased at an annualized rate of 15.7%, from $4.83B in 2018 to $2.05B in 2023.

In 2023, Russia did not export any services to Israel.

Comparison In N/A, Israel ranked N/A in total exports (N/A). That same year, Russia ranked N/A in total exports (N/A). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Israel exported $552M to Russia. The main products exported from Israel to Russia were Tropical Fruits ($82.1M), Beauty Products ($37.8M), and Pesticides ($33.6M). During the last 5 years the exports of Israel to Russia have decreased at an annualized rate of 42,8%, from $17.7M in 2018 to $552M in 2023.

In 2018, Russia exported $2.05B to Israel. The main products exported from Russia to Israel were Hot-Rolled Iron Bars ($463M), Refined Petroleum ($403M), and Wheat ($314M). During the last 5 years the exports of Russia to Israel have decreased at an annualized rate of 15.7%, from $4.83B in 2023 to $2.05B in 2018.

Exports from Israel () to Russia () (2023)

Exports from Russia () to Israel () (2023)

Latest Data

Trade between Israel () and Russia ()

Israel Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Israel than Russia included United States ($20.3B), Ireland ($4.22B), and United Kingdom ($2.11B).

In 2023, countries that imported more from Russia than Israel included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Israel () (2023)

Comparative Advantage Israel - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Russia in the exports of Vegetable Products ($156M), Chemical Products ($126M), and Machines ($82M).

During 2018, Russia had a large net trade with Israel in the exports of Metals ($701M), Vegetable Products ($553M), and Mineral Products ($478M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Russia+$43.1MTelephones

Top Product Potential Russia Israel+$47.7MDiamonds

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Israel () to Russia () (2023)

Exports from Russia () to Israel () (2023)

Latest Data

Trade between Israel () and Russia ()

Israel Exports

Market Competitiveness

Difference in imports from Russia () and Israel () (2023)

Comparative Advantage Israel - Russia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Israel () and Russia () (2023)

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