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Trade in Israel

Israel was the world’s 49th largest exporter of goods and 23rd largest exporter of commercial services in 2021. Export values were $60.2and $71.8 million USD respectively. Israel’s top export category was manufactures, followed by fuels and mining products, and agricultural products. In 2020, Israel’s main export destination markets for goods and services trade were to the United States, China and the the United Kingdom, with trade representing 50.88 per cent of GDP. In terms of imports, Israel’s import values were $92.2 and $31.8 million USD respectively in 2021. Israel’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were the United States, China and Germany. Israel is part of 11 Regional Trade Agreement,  Canada – Israel, Colombia – Israel and EFTA – Israel.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

State of Israel

Abbreviation

IL

Capital

Jerusalem

WTO Membership Date

21 April 1995

Legal System

mixed legal system of English common law, British Mandate regulations, and Jewish, Christian, and Muslim religious laws

Language

Hebrew, Arabic

Number of Time Zone(s)

1

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Israeli new shekel

Exchange Rate

Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • Bank Hapoalim BM - Tel Aviv, Israel - SWIFT: POALILIT

  • Bank Leumi - Tel Aviv, Israel - SWIFT: LUMIILIT

  • Israel Discount Bank Ltd - Tel Aviv, Israel - SWIFT: IDBLILIT

  • Mizrahi Tefahot Bank Ltd - Tel Aviv, Israel - SWIFT: MIZBILIT

  • The First International Bank of Israel Ltd - Tel Aviv, Israel - SWIFT: FIRBILITXXX

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Government MSME Agency

  • MOITAL and the Ministry of Finance: State Guarantee Fund for Small Businesses

  • Israel Small and Medium Enterprises Authority (ISMEA)

Copyright Offices

  • Director General

  • Ministry of Justice

Industrial Property Offices

  • Israel Patent Office

  • Ministry of Justice

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • David Opatowski
    Head Plant biosecurity, Plant Protection and Inspection Services
    Ministry of Agriculture and Rural Development
    Phone: 972-50-6241748
    Website: https://www.ppis.moag.gov.il

    P.O.B. 78

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • WTO-TBT Enquiry Point
    Standardization Administration
    Ministry of Economy and Industry
    Phone: + (972) 74 750 2236
    Website: https://www.gov.il/en/departments/ministry_of_economy/govil-landing-page

    86 Menahem Begin Road

    [email protected]

Additional Information

ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

https://shaarolami-query.customs.mof.gov.il/CustomspilotWeb/en/CustomsBook/Import/CustomsTaarifEntry

Trade Information Portal

https://www.gov.il/en/departments/ministry_of_economy/govil-landing-page

Last Reviewed: June, 2023

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