2023
Exports
$2.47BWorld Rnk 46 / 214
Flag Rnk 5 / 1140
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$765MWorld Rnk 120 / 226
Flag Rnk 11 / 1190
2023
ECONOMIC COMPLEXITY of Israel
1.28Rnk 19 / 132

About

Exports In 2023, Israel exported $2.47B in Refined Petroleum, making it the 46th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Israel. The main destination of Refined Petroleum exports from Israel are: Cyprus ($586M), Turkey ($570M), United States ($241M), Romania ($181M), and Greece ($160M).

The fastest growing export markets for Refined Petroleum of Israel between 2022 and 2023 were Romania ($145M), United States ($124M), and Germany ($37.8M).

Imports In 2023, Israel imported $765M in Refined Petroleum, becoming the 120th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 11th most imported product in Israel. Israel imports Refined Petroleum primarily from: Russia ($403M), India ($87.3M), Egypt ($36.3M), United States ($31.1M), and Romania ($30.7M).

The fastest growing import markets in Refined Petroleum for Israel between 2022 and 2023 were Russia ($401M), Egypt ($31.4M), and Romania ($24.6M).

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 Refined 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)$2.47B
IMPORTS (2023)$765M
NET TRADE (2023)$1.71B

In 2023, Israel exported $2.47B in Refined Petroleum. The main destinations of Israel exports on Refined Petroleum were Cyprus ($586M), Turkey ($570M), United States ($241M), Romania ($181M), and Greece ($160M).

In 2023, Israel imported $765M in Refined Petroleum, mainly from Russia ($403M), India ($87.3M), Egypt ($36.3M), United States ($31.1M), and Romania ($30.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Israel WERE (2022 - 2023):
Romania$145M (398%)
United States$124M (105%)
Germany$37.8M (218%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Israel WERE (2022 - 2023):
Palestine-$1.14B (-100%)
Turkey-$745M (-56.7%)
Cyprus-$232M (-28.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $143M
TOP IMPORT POTENTIALUnited States+ $174M

Refined Petroleum’s highest export potential is United States. With an export gap of $143M.   Refined Petroleum’s highest import potential is United States with an import gap of $174M.

See methodology.

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