Israel Balance of Trade

Last Release

Feb 28, 2025

Actual

-2,524.7

Units In

USD Million

-2,786.3

Frequency

Monthly

Next Release

Apr 22, 2025

Time to Release

1 Months 6 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
113.8 May 2009	-5,146.6 May 2022	-672.87 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 narrowed to USD 2.52 billion in February 2025 from USD 3.4 billion in the corresponding month of the previous year. This marked the smallest trade deficit since August 2024, as exports grew by 3.7% year-on-year to USD 4.63 billion, mainly attributed to higher sales of agriculture, forestry and fishing (37.8%) and manufacturing, mining and quarrying excluding working diamonds (1.7%). Meanwhile, imports fell by 8.6% from a year earlier to USD 7.15 billion, mainly due to lower purchases of raw materials (-15.9%) and investment goods (-10.9%). However, purchases increased for consumer goods (11.3%).