Items Exported from Israel - Israel Exporters

Israel, a small but active Middle Eastern country, has made considerable advancements in the worldwide economy. Israel has positioned itself as a hub for many industries, from cutting-edge technology to agricultural breakthroughs, adding to its strong export portfolio. Israel's export landscape demonstrates the country's unwavering commitment to innovation and ability to turn challenges into opportunities. This blog dives into Israel's diversified Israel exporters data, highlighting Israel's largest exporting commodities that have shaped the country's global presence.

The Israeli Economy: An Overview

Israel, a Middle Eastern country on the Mediterranean Sea, is regarded as the biblical Holy Land by Jews, Christians, and Muslims. Its holiest locations are in Jerusalem. The Israeli economy is vibrant and diverse, strongly emphasizing innovation and technology. The country has a robust high-tech sector and a growing number of startups. Israel also exports a lot of agricultural items and diamonds.

The Israeli economy has recovered strongly from the COVID-19 pandemic and has shown robust to the fallout from Russia's assault against Ukraine. Because of high demand and a tight labour market, inflation has climbed above the central bank's target range. Demographic issues, such as increasing demographic groups with low labor-force connections and an aging population, will pressure future growth and fiscal sustainability.

Significant sectors of the Israeli economy:

• High-tech sectors: High-tech sectors include cybersecurity, artificial intelligence, and medical devices, and Israel is a world leader in these fields. The country's high-tech industry accounts for over 10% of GDP and employs many people.
• Agriculture: Israel exports many agricultural products, such as fruits, vegetables, and flowers. The agricultural sector in the country is highly efficient and employs cutting-edge technologies such as drip irrigation.
• Tourism: Israel is a renowned tourist destination noted for its historical and cultural attractions, beaches, and natural beauty. Tourism is a considerable source of employment and foreign exchange profits.

Israel export-import data: 2022-23

In 2022-23, Israel's trade performance was characterized by robust export growth and a growing trade surplus. Based on Israel export data, exports surged by 24.5% year on year to US$146.1 billion, while imports increased by 10.6% year on year to US$124.7 billion as per Israel import data. They resulted in a US$21.4 billion trade surplus from US$16.9 billion the previous year.

As per the exporters data of Israel, Israel's exports increased by 1.7 percent year on year to a four-month high of USD 5,042.3 million in October 2023. From 1959 to 2023, Israel's exports averaged 1773.38 USD Million, with a top of 6276.70 USD Million in March of 2022 and a low of 10.80 USD Million in July of 1959.

In FY23, India's imports from Israel included pearls, precious or semi-precious stones (US$ 761.58 million), fertilizers manufactured (US$ 401.88 million), electronics components (US$ 165.67 million), crude petroleum (US$ 105.84 million), and agro-chemicals (US$ 98.05 million), among others according to India trade data. 

Are you looking for updated export import data of Israel? You may connect with Eximpedia's dedicated dashboard anytime!

The Factors Influencing Israel's Trade Performance:

Several reasons helped Israel's outstanding trade performance in 2022-23:

1. Strong global demand for Israeli goods: Israel's exports benefit from strong global demand for high-tech products, including medical equipment, medicines, and agricultural products.
2. Recovery from the COVID-19 pandemic: In 2022, the world economy began to recover from the COVID-19 pandemic, which increased demand for Israeli goods.
3. Government support for exports: The Israeli government assists exporters in various ways, including subsidies, tax breaks, and export promotion programs.

Also Read: Canada Import and Export Market 

Major Exported Items from Israel

Israel is a world leader in the export of high-tech and innovative items, as well as agricultural products and diamonds. Based on the Israel exporters data, here's a quick rundown of some of Israel's most important exports, along with their respective export values:

1. Cut Diamonds: In 2022, Israel is the world's biggest exporter of cut diamonds, with exports valued at more than US$21.4 billion. The diamond industry in the country is known for its high quality, craftsmanship, and innovative diamond polishing procedures.
2. Machinery and Equipment: In 2022, Israel's machinery and equipment exports are valued at US$29.2 billion. This industry includes various products such as irrigation systems, agricultural machinery, medical gadgets, and industrial machinery. Because of its technological knowledge and creativity in these domains, Israel has emerged as a prominent player in the global market.
3. Medical Devices and medicines: In 2022, Israel's exports of medical devices and drugs are valued at US$16.8 billion. Israel is a world leader in researching and producing cutting-edge medical devices such as pacemakers, insulin pumps, and diagnostic equipment. The pharmaceutical industry in the country is also well-known for its contributions to life-saving drugs and cancer therapies.
4. Chemicals: In 2022, Israel's chemical exports are valued at US$12.9 billion. The chemical sector in the country produces a wide range of products, including fertilizers, insecticides, plastics, and specialty chemicals. Agriculture, industry, and construction are all areas that require Israeli chemicals.
5. Electronics: In 2022, Israel's electronics exports are valued at US$12.1 billion. This industry includes various items such as semiconductors, lasers, fiber optics, and telecommunications equipment. Israel's technological competence in electronics has elevated it to prominence in the global electronics sector. 

So these are the top 5 commodities exported from Israel. However, if you're a merchant trying to export various commodities from Israel, you need updated market information: Eximpedia.app can help. Here, you may discover an up-to-date list of Israel exporters, Israel exporters data, and HS codes.

How to find Israel exporters Data?

It would help if you visited Eximpedia's data-driven dashboard to analyze the updated Israel exporters or importers data. 

Eximpedia is a platform that provides export import data and offers reliable, current, and authentic information about global trade for 100+ countries. Along with other items, we also offer export- import trade data, global trade data, and an updated exporter and importers list.

You can speak to our business professionals if you need help finding Israel's most significant exports. We have some of the best global trade experts who can help you identify potential buyers and build your business relationships in the global trade market. Book a free live demo today!