If you are considering diversification and expanding your client base beyond the borders of Israel, you should consider shipping from Israel to US as a viable strategy. Read on to learn about the top 10 exports from Israel, market share percentage, and the leading markets for your products. You can get an overview of current trends driving the export market and grab your share of the pie with the latest information on exports, a key driver of economic growth.
What Does Israel Export?
The latest statistical data reveals exports account for approximately 40% of GDP in Israel. Diamonds, pearls, and other precious stones and metals top the charts of exports from Israel. Other than diamonds and precious metals, principle exports include electrical machinery and equipment, pharmaceuticals, optical, technical and medical apparatus, computers, sound and TV recorders, reproducers, and mechanical machinery and appliances, plastics, aircraft and spacecraft, mineral fuels (including oil), and organic chemicals.
The most valued goods exported from Israel were unmounted diamonds, accounting for 23.2% of total exports, followed by medication mixes, integrated circuits, and micro assemblies, aircraft parts, chemical industry products, and mobile phones.
Most Popular Export Categories in Israel
The top 10 exports in Israel accounted for 81.5% of the overall value of its global shipments with mineral fuels (including oil) being the fastest-growing product (59.5%). Miscellaneous chemical goods grabbed the second rank in terms of increasing export sales with a 17.6% gain. The rank of the third-fastest growing category was taken by Israeli electrical machinery and equipment (14.2%) while optical, technical or medical apparatus trailed behind with 13.8% increases.
The main export partners were the United States of America with 28% of total exports followed by Hong Kong (8%), Belgium, the United Kingdom, India, and China.
Addison is a student of the Aust Abbottabad University of Science and Technology. He started his graduation in 2016 and graduated in 2020. I’m a professional article and blog writer, has written dozens of content on different topics and worked with professionals all over the globe. Feel free to contact me for any assistance. [email protected]