Trade Trend

In 2023, Israel's total export value is 63.34Billion USD, total import value is 91.88Billion USD, Deficit is -28.53Billion USD, and foreign trade dependency is 0.304. In 2023，Israel's top export products are Diamonds, whether or not worked, but not mounted or set(7.17Billion USD), Electronic integrated circuits(4.74Billion USD), None(4.44Billion USD), top export destinations are United States(17.47Billion USD), None(5.31Billion USD), Ireland(3.42Billion USD). In 2023, Israel's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(8.40Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(6.57Billion USD), Diamonds, whether or not worked, but not mounted or set(4.43Billion USD), top import origins are China(16.33Billion USD), None(11.22Billion USD), United States(9.61Billion USD).

Comparing to 2022, Israel's total export value decreased -9.23Billion USD(-12.71%) in 2023, this could result from its export decreases of products such as Diamonds, whether or not worked, but not mounted or set(-3.71Billion USD or -34.09%), Prepared binders for foundry moulds or cores; chemical products and preparations of the chemical or allied industries (including those consisting of mixtures of natural products), not elsewhere specified or included(-1.08Billion USD or -33.36%), Medicaments; (not goods of heading no. 3002, 3005 or 3006) of two or more constituents mixed together for therapeutic or prophylactic use not in measured doses or in forms or packings for retail sale(-1.03Billion USD or -72.11%) and export decreases to countries/economics such as China(-1.22Billion USD or -26.28%), United States(-1.15Billion USD or -6.16%), India(-1.12Billion USD or -33.17%). Comparing to 2022, Israel's total import value decreased -15.87Billion USD(-14.73%) in 2023, this could result from its import decreases of products such as Diamonds, whether or not worked, but not mounted or set(-1.86Billion USD or -29.59%), Petroleum oils and oils obtained from bituminous minerals; crude(-1.36Billion USD or -13.90%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-1.22Billion USD or -47.43%), and its import decreases from countries/economies such as None(-3.61Billion USD or -24.33%), China(-3.11Billion USD or -16.02%), Turkey(-1.52Billion USD or -22.34%).

Cumulated to first 7 months of 2024, Israel's total export value is 25.96Billion USD, total import value is 36.43Billion USD, and tradedeficit is -10.47Billion USD. Cumulated to first 7 months of 2024, Israel's top export products are Diamonds, whether or not worked, but not mounted or set(2.79Billion USD), Electronic integrated circuits(2.42Billion USD), None(1.83Billion USD), and top export destinations are United States(7.11Billion USD), None(2.23Billion USD), Ireland(1.35Billion USD). Cumulated to first 7 months of 2024, Israel's top import products are Diamonds, whether or not worked, but not mounted or set(2.79Billion USD), Electronic integrated circuits(2.42Billion USD), None(1.83Billion USD), and top import origins areChina(6.62Billion USD), None(4.24Billion USD), United States(4.02Billion USD).