How much is Israel-UK trade worth?
Add that to China’s tally, and the country becomes the second-largest importer of Israeli products.
China imported a range of Israeli products including optical equipment, electronic components and chemical products.
The table below shows the 117 countries or territories that bought Israeli products in 2024.
The table below shows the 192 countries or territories that sold products to Israel in 2024.
Israel’s military actions in the war on Gaza and the growth of illegal settlements in the occupied West Bank prompted the UK government to halt free trade talks with Israel on Tuesday.
The UK government cannot continue to negotiate an upgrade of its current trade agreement with an Israeli government that is pursuing what he called “egregious policies” in Gaza and the occupied West Bank, Foreign Secretary David Lammy told the parliament.
It happened the day after the United Kingdom, France, and Canada threatened to take “concrete actions” against Israel if it did not halt its renewed offensive and remove restrictions on aid in Gaza.
In the meantime, EU foreign policy chief Kaja Kallas confirmed Tuesday that the bloc had voted to review its trade cooperation agreement, marking another step in the EU’s reevaluation of its relationship with Israel.
What is the value of trade between Israel and the UK?
Negotiations for a modernized Free Trade Agreement (FTA) between the UK and Israel began in July 2022 with the goal of strengthening their economic partnership by addressing topics not addressed in their current trade agreement, especially services and digital trade.
The UK was Israel’s eleventh-largest import partner in 2024, with imports totaling about $1.96 billion, according to United Nations Comtrade, a global database of official international trade statistics. Vehicles, pharmaceuticals, electrical equipment, and machinery like jet engines were among the primary goods imported from the UK.
On the other hand, Israel’s eighth-largest export market was the United Kingdom, which received approximately $1.57 billion worth of Israeli exports, mostly in the form of diamonds, chemicals, electronics, and machinery.
What are the top imports and exports from Israel?
The total value of Israel’s international trade in 2024 was $61 billion in exports and $91 billion in imports.
The following are some of Israel’s top imports.
About $19 billion is spent on mechanical appliances, electronics, and electrical machinery.
automobiles, trucks, buses, and airplanes valued at roughly $10 billion.
$8 billion worth of chemical products, including pharmaceuticals.
Mineral products worth $7 billion include coal, cement, and petroleum.
$4 billion worth of jewelry and gems, including diamonds.
Israel’s top exports include the following.
mechanical appliances, electronics, and electrical equipment valued at about $18 billion.
$10 billion worth of chemical products, including pharmaceuticals.
$9 billion in jewelry and gems, including polished diamonds.
$7 billion worth of technical, medical, and optical equipment.
$5 billion in minerals.
Israel’s export economy is largely driven by its electronics industry, which is dominated by major players like Intel, which operates extensive chip fabrication facilities, and businesses like Elbit Systems and Orbotech, which are renowned for their proficiency in advanced manufacturing and military electronics.
Teva Pharmaceuticals, one of the biggest producers of generic drugs worldwide, is one of the companies that propel Israel’s pharmaceutical exports.
With billions of dollars’ worth of imported rough diamonds that are cut, polished, and processed in-country before being exported, Israel is also a world leader in the diamond trade.
Which nations purchase Israel’s goods the most?
Israel’s 2024 sales totaled $61 billion. The US imported $17.3 billion worth of Israeli goods, followed by Ireland ($3.2 billion), and China ($2.8 billion). An additional $2 billion worth of goods were imported from Israel by Hong Kong, a semiautonomous part of China that is treated as a distinct entity in trade databases. When you add that to China’s total, the nation ranks as the second-largest importer of Israeli goods.
The main imports into the United States were chemicals, diamonds, and high-tech electronics like integrated circuits and telecommunications equipment.
In 2024, Ireland imported about $3 billion worth of electronic integrated circuits and microassemblies, making it the biggest buyer of Israeli integrated circuits. These parts are widely used in Ireland’s tech, medical device, and pharmaceutical manufacturing industries.
Israel supplied China with a variety of goods, such as chemical products, optical equipment, and electronic components.
The 117 nations and territories that purchased Israeli goods in 2024 are listed in the table below. Use the search box to look up any country.
What are the top selling nations to Israel?
Israel spent $91 billion on international purchases in 2024. China, the United States, and Germany were the top exporters to Israel, with $19 billion, $9.4 billion, and $5.6 billion, respectively.
China’s top exports were metals, computers, mobile phones, and electric cars.
The United States supplied Israel with diamonds, electronics, chemicals, and explosive munitions. The US provides Israel with billions of dollars in military aid, most of which is used to purchase weapons made in the US, thereby increasing US exports.
Automobiles, electronics, machinery, and pharmaceuticals were all exported by Germany.
The 192 nations and territories that sold goods to Israel in 2024 are listed in the table below.
