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27 September 2024
Kunal
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Key Indicators
Overview
Israel: Crossroads of Innovation and Regional Challenges in Trade
Israel, located at the crossroads of Europe, Asia, and Africa, blends ancient history with a modern economy driven by innovation. In 2024, it ranked 32 among the top economies globally, propelled by its dynamic tech sector and strategic initiatives in trade.
Introduction:
Israel's import market is vital for supplementing its high-tech driven economy, supporting sectors such as technology, defense, and pharmaceuticals. These industries are integral to meeting the country’s sophisticated demands and provide substantial opportunities for global exporters.
Economic Overview:
Israel is renowned for its innovation-driven economy, ranking high globally in technology and research & development. Its major industries include technology, pharmaceuticals, and agriculture, with a significant portion of GDP influenced by imports, especially in technology and machinery. Israel continues to invest in economic diversification, increasing its imports of raw materials and advanced equipment.
Political and Regulatory Environment:
Israel’s political environment is dynamic, influencing its trade policies and economic relationships significantly. Recent improvements in trade relations, such as agreements with neighboring countries and changes in customs duties, are pivotal for import dynamics.
Opportunities and Challenges for Exporters:
Exporters can find opportunities in Israel’s demand for cutting-edge technologies, medical devices, and defense equipment. Challenges include stringent regulatory standards, competitive local markets, and geopolitical sensitivities.
Positives:
1. Technological Prowess: Israel's strong focus on technology and research has made it a global leader in sectors such as cybersecurity, pharmaceuticals, and agritech, driving significant export opportunities.
2. Strategic Location: Its geographical position at the crossroads of Europe, Asia, and Africa facilitates diverse trade relationships and strategic partnerships.
3. Robust Infrastructure: Advanced transportation and telecommunications infrastructure support efficient domestic and international trade operations.
Negatives:
1. Geopolitical Tensions: Persistent regional conflicts and security issues can impact trade routes and foreign investment stability.
2. Resource Scarcity: Limited natural resources, particularly water and arable land, challenge sustainable growth and self-sufficiency.
3. Market Size: Being a small country, the domestic market is relatively limited, increasing dependency on export-driven economic strategies.
Israel import export data, including buyer and supplier names, is available on the Volza Platform.
Israel import export data, including buyer and supplier names, is available on the Volza Platform.
Imports:
In October 2023, Israel ranked 27th in global imports, with imports valued at 77.20 billion, representing a -15% growth from October 2022.From October 2023 to October 2024, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.
In 2024, imports totaled 77.20 billion, marking a -13% YOY growth from 2023. Sources of these imports were China, USA, Areas, Germany, Türkiye, Italy, India, Bunkers, Russian Federation, Rep. of Korea. Imported products were Electrical machinery and equipment, Mineral fuels and oils, Machinery and equipment other than railway or tramway. Suppliers were KUPERMAN BROTHERS DIAMONDS LTD, MIZRAHI TEFAHOT BANK LTD, and COLMOBIL LTD. Importers in Israel were China: 17.5%, USA: 10.4%, and Areas.
Top 10 Import Products:
- Crude petroleum (HS code: 2709) - Essential for energy.
- Cars (HS code: 8703) - High consumer demand.
- Diamonds (HS code: 7102) - Key for processing and re-export.
- Medicaments (HS code: 3004) - Crucial for healthcare.
- Computer hardware (HS code: 8471) - Supports tech industry.
- Telecommunication equipment (HS code: 8517) - Vital for communication infrastructure.
- Electrical machinery (HS code: 8504) - Integral to industrial operations.
- Aircraft (HS code: 8802) - Supports aviation and defense sectors.
- Natural gas (HS code: 2711) - Increasing energy independence.
- Plastic (HS code: 3901) - Used in various manufacturing processes.
Top Buyers from Israel:
S K N GENERAL TRADING LTD, SINOKROT TRADE AND INVESTMENT CO, MOHAMMAD SADDER
Solution for Global Exporters:
To effectively penetrate Israel’s import market, global exporters should utilize Volza’s online import data. This resource offers insights into market trends, helping to identify opportunities and navigate complexities efficiently. Visit Volza for detailed, real-time import data to strategically approach the Israeli market.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 05, Aug, 2024
Source : Volza Import Data
Israel
Import Data
Import Data
6,467,179 Bill of Ladings, 109,406 Buyers & 53,052 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Reach out to the Israel Import market Identify verified and active business partners in Israel
Israel Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
AEROSTRUCTURE SUB ASSEMBLY SPARE PARTS / ACCESSORIES / COMPONENT 30P1411 | 30-04-2024 | ||
ALUMINIUM ARTWARE CUP & SAUCER |   India | 30-04-2024 | |
ALUMINIUM ARTWARE WINE DIVIDER | India | 30-04-2024 | |
PANEL FOR TOP COVER B3I 2970 | India | 30-04-2024 | |
CPD ROUND BRILLIANT J SI2 HRD 240000099 | India | 30-04-2024 | |
100% COTTON MADE UPS BED LINEN DOUBLE | 30-04-2024 |
Top 10 Importers
Israel Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Israel. To assist you in identifying the leading importers in Israel, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Israel are companies like KUPERMAN BROTHERS DIAMONDS LTD, MIZRAHI TEFAHOT BANK LTD , and COLMOBIL LTD. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Israel Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 57,204 | |
2 | 55,988 | |
3 | 55,204 | |
4 | 39,875 | |
5 | 38,387 | |
6 | 29,550 | |
7 | 27,279 | |
8 | 23,225 | |
9 | 19,013 | |
10 | 16,865 |
Data Source : Volza Import Data
Top 10 Import Products
Israel Top 10 Import Products
As the Israel import data reveals, the nation's top import products for 2024 were prominently characterized by:- Cotton Knitting Yarn: 37.00%
- Used Steel: 23.82%
- Round Cut Diamond: 14.16%
- Automobile Component: 11.83%
- Lab Grown Diamond: 6.35%
- Power Cable: 4.41%
- Wooden Door: 1.34%
- Aluminum Box: 0.80%
- Utensil Set: 0.30%
- Loose Synthetic Diamond: 0.00%
Israel Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | COTTON KNITTING YARN | 12,843,432 |
2 | Used Steel | 8,269,020 |
3 | Round Cut Diamond | 4,915,650 |
4 | Automobile Component | 4,108,511 |
5 | Lab Grown Diamond | 2,203,550 |
6 | Power Cable | 1,529,746 |
7 | WOODEN DOOR | 465,124 |
8 | Aluminum Box | 278,287 |
9 | Utensil Set | 103,191 |
10 | Loose Synthetic Diamond | 44 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Israel
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Israel Top 1 Import Trading Partners
Israel trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 2,238,061).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Israel had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Israel import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Israel’s major imports from India include Used Steel, Automobile Component, COTTON KNITTING YARN, Aluminum Box, WOODEN DOOR, Utensil Set, Power Cable, Round Cut Diamond, Loose Synthetic Diamond, Lab Grown Diamond, products. The provided chart below breaks down the values in percentile of Israel’s top 1 import partners for 2024.
Israel Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Israel Import Data Sample record
Israel import data covers all important shipping details that are essential for businesses to find importers in Israel, analyze market trends and identify potential industries. Israel trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Israel import data sample with complete number of fields available in data.
Israel Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 88073000
- Quantity:
- 3
- Quantity Unit:
- NOS
- Value FC:
- 40.95
- Value:
- HS Descirption:
- NA
- Exporter:
- MAHINDRA AEROSTRUCTURES PRIVATE LIMITED
- Importer:
- GENERAL ELECTRIC COMPANY SP Z O O
Data Source : Volza Import Data
Israel Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 9 Import Ports
Israel Top 9 Import Ports
Israel's global import trade operates through over 9 ports. Thoothibari LCS stands as the predominant port, handling 1,167,366 import shipments, which constitutes a 52.89% market share. Ashdod follows with an 29.04% share, accounting for 640,999 shipments, while Haifa contributes a 13.17% market share with its 290,743 shipments. For detailed import trade statistics of each port in Israel, refer to the provided links below. Collectively, these ports underscore the integrated nature of Israel's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Israel.
Import Bill of Lading
- Import Shipments of Israel
- 6,467,179
- Date
- 30-04-2024
- Shipper Name
- ISRAEL AEROSPACE INDUSTRIES
- Consignee Name
- MAHINDRA AEROSTRUCTURES PRIVATE LIMITED
- Weight Unit
- NOS
- Quantity
- 3
- Shipment Origin
- India
- Port of origin
- Bangalore Air