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Top 5 Exports From Israel: Which Israeli Products Are Most Imported Around the World?

By    |   Monday, 02 Nov 2015 04:13 PM

Exports in Israel are largely sent to the United States, with 23 percent of the country's imports coming to America, surpassing the United Kingdom by a margin of more than 14.6 percent.

Israel’s developed economy and educated workforce have made it a significant player in the global economy. Here are the Top 5 exports coming out of Israel, according to 2013 data from the Observatory of Economic Complexity:

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1. Packaged medicaments
Packaged medicaments, which include antibiotics, insulin, hormones, and alkaloids, make up 11 percent of Israel’s exports, according to the OEC. The industry is valued at a net worth of $5.94 billion.

2. Refined petroleum
Refined petroleum ranks second among Israel’s exports in terms of percentage and net value, 7.6 percent and $4.13 billion respectively. Though refined petroleum is one of Israel's largest exports, the country accounts for less than 1 percent of the world's refined petroleum trade, according to the OEC. Refined petroleum does not include crude oil and encompasses "oil, bituminous, diesel, gasoline, gas, kerosene, jet fuel, white spirit, [and] aviation fuel," says the OEC.

3. Diamonds
Unlike refined petroleum, Israel’s net value in the diamond industry is globally relevant. It ranks fifth in the world at $4.07 billion, 7.5 percent of the global share. The Israel Ministry of Foreign Affairs says the Israel Diamond Exchange is the largest diamond-trading floor in the world and that in 2008 the industry exports were at $9.4 billion before the global recession.

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4. Integrated circuits
Integrated circuits, aka electronic chips, are Israel's fourth-largest export. Though Israel is not among the top global exporters in this category — it accounts for just two-fifths of the global market — Israel's integrated circuits have a value $1.91 billion, according to the OEC.

5. Aircraft parts
Aircraft parts exported from Israel account for 2.1 percent of the global market. But with a value of $1.71 billion, this category is still a major factor in Israel's economy. Globally, France and the United States are at the top of the list of aircraft parts importers.

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Exports in Israel are largely sent to the United States, with 23 percent of the country's imports coming to America, surpassing the United Kingdom by a margin of more than 14.6 percent.
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2015-13-02
Monday, 02 Nov 2015 04:13 PM
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