Trade Policy and Regulations in Israel
Foreign Trade in Figures
The Israeli economy is extremely open. Israel's exports represent around 24% of the GNP. They are the backbone of the country's growth.
In 2009, Israel's trade balance, which was previously in deficit, recorded a historical surplus due to a strong drop on imports. The situation was again reversed in 2010, a trend that should continue in 2011.
The main customers and suppliers of Israel are the European Union, the United States, Turkey, Japan, India and China. The main goods imported by the Israeli state are raw materials and half-finished products, hydrocarbons, consumption goods (food products and drinks, electrical equipment, transport equipment, etc.) and investment products. The main national exports are manufactured goods which are often high technology products (computer equipment, electronic components, aeronautics, electronic communication equipment, verification products and pharmaceutical products).
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||50,334||59,039||67,656||49,278||61,250|
|Exports of Goods (million USD)||46,789||54,091||61,337||47,935||58,432|
|Imports of Services (million USD)||14,424||17,322||19,629||16,865||17,440|
|Exports of Services (million USD)||19,184||21,115||24,284||21,961||24,333|
|Imports of Goods and Services (Annual % Change)||3||12||2||-||-|
|Exports of Goods and Services (Annual % Change)||6||9||5||-||-|
|Trade Balance (million USD)||-3,836||-5,684||-7,238||-96||-|
|Current Account (million USD)||7,434||4,923||1,557||7,592||-|
|Foreign Trade (in % of GDP)||85||87||82||67||-|
|Imports of Goods and Services (in % of GDP)||42||44||42||32||-|
|Exports of Goods and Services (in % of GDP)||43||43||40||35||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|Other partnersClose extended list||47.0%|
(% of Imports)
|Other partnersClose extended list||60.7%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
Israel has signed free trade agreements with the European Union, United States, EFTA, Turkey, Mexico, Canada, Jordan, Egypt and Mercosur. A customs union exists between Israel and the Palestinian territories, since 1994.
- Assessment of Commercial Policy
The WTO pages dedicated to Israel
Barriers to exchanges
Barriers to exchanges
Sanitary and Phytosanitary barriers
- Average Customs Duty (Excluding Agricultural Products)
- The average customs duty of non-agricultural products is 4.54% according to UNCTAD (2006). This is a low rate.
- Useful Resources
- National Organization of Intellectual Property
- Israeli Patents Office of the Ministry of Justice for patents and copyrights.
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U.S. Department Of Commerce, Israel