2023
Exports
$394MWorld Rnk 50 / 150
Flag Rnk 33 / 1140
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$3.23BWorld Rnk 37 / 159
Flag Rnk 3 / 1190
2023
ECONOMIC COMPLEXITY of Israel
1.28Rnk 19 / 132

About

Exports In 2023, Israel exported $394M in Crude Petroleum, making it the 50th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 33rd most exported product in Israel. The main destination of Crude Petroleum exports from Israel are: Chinese Taipei ($153M), Netherlands ($147M), Austria ($40.7M), Bulgaria ($24.6M), and Italy ($17.2M).

The fastest growing export markets for Crude Petroleum of Israel between 2022 and 2023 were Netherlands ($147M), Austria ($40.7M), and Bulgaria ($24.6M).

Imports In 2023, Israel imported $3.23B in Crude Petroleum, becoming the 37th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Israel. Israel imports Crude Petroleum primarily from: Azerbaijan ($1.39B), Gabon ($680M), Nigeria ($552M), Kazakhstan ($340M), and Brazil ($139M).

The fastest growing import markets in Crude Petroleum for Israel between 2022 and 2023 were Gabon ($456M), Nigeria ($338M), and United States ($64.7M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$394M
IMPORTS (2023)$3.23B
NET TRADE (2023)-$2.84B

In 2023, Israel exported $394M in Crude Petroleum. The main destinations of Israel exports on Crude Petroleum were Chinese Taipei ($153M), Netherlands ($147M), Austria ($40.7M), Bulgaria ($24.6M), and Italy ($17.2M).

In 2023, Israel imported $3.23B in Crude Petroleum, mainly from Azerbaijan ($1.39B), Gabon ($680M), Nigeria ($552M), Kazakhstan ($340M), and Brazil ($139M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Israel WERE (2022 - 2023):
Netherlands$147M (64.9M%)
Austria$40.7M (1.36M%)
Bulgaria$24.6M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Israel WERE (2022 - 2023):
India-$212M (-100%)
Chinese Taipei-$192M (-55.7%)
Portugal-$710k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Israel' main exporting competitors in Crude Petroleum were:
In 2023, Israel' main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $96.7M
TOP IMPORT POTENTIALNigeria+ $152M

Crude Petroleum’s highest export potential is India. With an export gap of $96.7M.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $152M.

See methodology.

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