Israel Balance of Trade

Last Release

Jan 31, 2025

Actual

-2,577.1

Units In

USD Million

-4,294.9

Frequency

Monthly

Next Release

Mar 13, 2025

Time to Release

26 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
113.8 May 2009	-5,146.6 May 2022	-670.27 USD Million	1959-2025	N/A

Israel has been recording trade deficits since 1959 mostly due to a lack of natural resources. Indeed, Israel major imports are: oil and other mineral fuels and uncut diamonds. Main exports are: cut diamonds, pearls and other precious metals and stones; electrical machinery and equipment, mechanical machinery and appliances and electronics. Israel´s main trading partner is the United States (28 percent of total exports and 12 percent of imports). Others include: Hong Kong, China, Belgium, Netherlands, Germany and United Kingdom.

Latest Updates

Israel’s trade deficit widened to USD 2.58 billion in January 2025 from USD 1.85 billion a year earlier, as imports grew at a significantly faster pace than exports. Imports surged 12.2% year-on-year to USD 7.37 billion, driven by higher purchases of fuels (+43.7%), investment goods (+5.4%), raw materials (+14.2%), and consumer goods (+11.9%). Meanwhile, exports rose just 1.5% to USD 4.79 billion, supported by increased sales in agriculture, forestry & fishing (+44.6%) and manufacturing, mining & quarrying, excluding diamonds (+1.8%).