2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
 GDP
$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH
64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC
$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH
55%CURRENT US$
Rnk 40 / 195

About

Israel-United States Trade: In 2023, Israel exported $20.3B to United States. The main products that Israel exported to United States were Diamonds ($5.43B), Integrated Circuits ($2.08B), and Broadcasting Equipment ($1.2B). Over the past 5 years the exports of Israel to United States have decreased at an annualized rate of 0.36%, from $20.7B in 2018 to $20.3B in 2023.

In 2012, Israel exported services to United States worth $2.86B, with Computer and information services ($2.6B), Royalties and license fees ($255M), and Construction services ($1.93M) being the largest in terms of value.

United States-Israel Trade: In 2023, United States exported $9.21B to Israel. The main products that United States exported to Israel were Diamonds ($684M), Explosive Ammunition ($665M), and Packaged Medicaments ($388M). Over the past 5 years the exports of United States to Israel have decreased at an annualized rate of 1.5%,  from $9.93B in 2018 to $9.21B in 2023.

In 2017, United States exported services to Israel worth $6.01B, with Travel ($1.35B), Other business services ($1.08B), and Transportation ($1.03B) being the largest in terms of value.

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Israel exported $20.3B to United States. The main products exported from Israel to United States were Diamonds ($5.43B), Integrated Circuits ($2.08B), and Broadcasting Equipment ($1.2B). During the last 5 years the exports of Israel to United States have decreased at an annualized rate of 0.36%, from $20.7B in 2018 to $20.3B in 2023.

In 2018, United States exported $9.21B to Israel. The main products exported from United States to Israel were Diamonds ($684M), Explosive Ammunition ($665M), and Packaged Medicaments ($388M). During the last 5 years the exports of United States to Israel have decreased at an annualized rate of 1.5%, from $9.93B in 2023 to $9.21B in 2018.

Exports from Israel (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Israel (Flag) (2023)

Latest Data

Trade between Israel (Flag) and United States (Flag)

Israel Exports

United States Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
United States
Top Destination
Canada$269B

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

In 2023, countries that imported more from Israel than United States included Cyprus ($671M).

In 2023, countries that imported more from United States than Israel included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Israel (Flag) (2023)

Comparative Advantage Israel - United States

Flow
Scale

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

During 2023, Israel had a large net trade with United States in the exports of Machines ($6.23B), Precious Metals ($5.77B), and Chemical Products ($2.51B).

During 2018, United States had a large net trade with Israel in the exports of Machines ($2.47B), Chemical Products ($1.38B), and Precious Metals ($827M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel United States+$290MTelephones
Top Product Potential United States Israel+$174MRefined Petroleum

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 Israel and United States. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Israel.

Product Space of Israel (Flag) and United States (Flag) (2023)

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