What Does Israel Export to the US?

Cereals: -$838 million (Up by 10%)

Articles of iron or steel: -$707.6 million (Up by 102.5%)

Furniture, bedding, lighting , signs, prefab buildings: -$707.6 million (Up by 22%)

Clothing, accessories (not knit or crochet): -$685.2 million (Up by 7.2%)

Wood: -$618.6 million (Up by 8.3%)

Noted for photogenic coastlines along the Mediterranean Sea’s southeastern shore and the Red Sea’s northern shore, the State of Israel shipped US$60.9 billion worth of goods around the globe in 2017. That dollar amount reflects a -8.8% decline since 2013 but a modest 0.5% uptick from 2016 to 2017.

Based on estimates from the Central Intelligence Agency’s World Factbook, Israel’s exported goods plus services represent 29.8% of total Israeli economic output or Gross Domestic Product. The analysis below focuses on exported products only.

From a continental perspective, 34.1% of Israeli exports by value were delivered to European countries while 29.9% were sold to North American importers. Israel shipped another 24.6% worth of goods to Asia, with smaller percentages going to Africa (1.4%) and Latin America excluding Mexico but including the Caribbean (2.5%).

Given Israel’s population of 8.3 million people, its total $60.9 billion in 2017 exports translates to roughly $7,300 for every resident in the Middle Eastern country.

Israel’s unemployment rate was 3.7% as of January 2018 according to Trading Economics.

The following export product groups represent the highest dollar value in Israeli global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from Israel.

From the more granular four-digit Harmonized Tariff System code level, diamonds represent Israel’s most valuable exported product followed by drugs and medicines for therapeutic or prophylactic purposes, electronic integrated circuits, aircraft and spacecraft parts then cellphones.

Gems, precious metals: US$15.2 billion (25% of total exports)

Electrical machinery, equipment: $7.5 billion (12.3%)

Pharmaceuticals: $7.3 billion (12%)

Machinery including computers: $4.7 billion (7.8%)

Optical, technical, medical apparatus: $4.7 billion (7.7%)

Aircraft, spacecraft: $3 billion (4.9%)

Other chemical goods: $2.8 billion (4.6%)

Plastics, plastic articles: $2.7 billion (4.5%)

Organic chemicals: $1.3 billion (2.1%)

Fertilizers: $1.2 billion (2%)

Israel’s top 10 exports accounted for 82.9% of the overall value of its global shipments.

Miscellaneous chemical goods was the fastest-growing among the top 10 export categories, up by 32.1% from 2016 to 2017.

In second place for improving export sales was plastics which gained 14.9%.