Israel Import Export Business in 2022 - Global Tradedata | Tendata

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ten data blog15-12-2023

israel import,israel export,israel import export




Imports

In 2022, Israel imported $107.7 billion worth of goods from around the world, up 19.3% from $90.3 billion in 2021.



Israel's Top International Suppliers

The latest country-specific data shows that Israel's imports are supplied by exporters from the following countries: Mainland China (22.5% of the global total), the United States (11.8%), Turkey (7.9%), Germany (7.2%), Italy (4.2%), India (3.7%), Belgium (2.93%), South Korea (2.87%), Russia (2.8%), UK (2.6%), France (2.5%) and Japan (2.4%).



Israel's Top 10 Imports

1. Fossil fuels including oil: $14.7 billion (13.6% of total imports)

2. Electrical machinery and equipment: $12.6 billion (11.7%)

3. Machinery including computers: $11.4 billion (10.6%)

4. Vehicles: $9.2 billion (8.5%)

5. Gems, precious metals: $7 billion (6.5%)

6. Plastics, plastic products: $4.1 billion (3.8%)

7. Pharmaceuticals: $3.6 billion (3.4%)

8. Optical, technical, medical equipment: $3.5 billion (3.3%)

9. Iron and steel: $3.0 billion (2.8%)

10. Organic chemicals: $2.2 billion (2%)


Israel's top ten imports account for about two-thirds (66.2%) of the total value of products it purchases from other countries.


The value of fossil fuels, including petroleum, is growing the fastest. Israel's top ten import categories grow by 61.9% from 2021 to 2022. The second highest improvement in import purchases is in the category of gemstones and precious metal products, which grew by 34.4%. This growth is largely attributed to Israel's activity in the global diamond trade. Israel's imports of organic chemicals ranked third in terms of increase, up 32.4% from 2021.


The only decline compared to the same period last year came from purchases of pharmaceuticals imported into Israel, which fell by -1.4%.



Exports

Israel exported $73.6 billion worth of products around the world in 2022. Israel's exports increased by 23% from $59.8 billion in 2021.



Israel's Major Trading Partners

The latest country-specific data shows that 86.9% of Israel's exports were purchased by importers in the following countries: the United States (34.4% of the global total), China (8.6%), India (7.3%), the United Kingdom (5.8%), Ireland (4.8%), the Netherlands (4.5%), Turkey (4.3%), Belgium (3.7%), Brazil (3.6%), Germany (3.6%) and the United States (3.6%). 3.6%), Germany (3.5%), France (3.4%) and Hong Kong (3%).



Israel's Top 10 Exports

1. Electrical machinery, equipment: $10.2 billion (17% of total exports)

2. Gems, precious metals: $9.5 billion (15.9%)

3. Optics, technology, medical equipment: $7.4 billion (12.3%)

4. Machinery, including computers: $5.1 billion (8.5%)

5. Plastics, plastic products: $3.2 billion (5.4%)

6. Other chemicals: $2.9 billion (4.8%)

7. Pharmaceuticals: $2.45 billion (4.1%)

8. Aircraft, spacecraft: $2.43 billion (4.1%)

9. Fossil fuels including oil: $2.4 billion (4%)

10. Fertilizers: $1.5 billion (2.5%)


Israel's top ten export categories account for almost four-fifths (79%) of the value of its global exports.


Fertilizers are the fastest growing of the top ten export categories, growing 107.4% year-over-year from 2021 to 2022. The second fastest growing export sales category is fossil fuels, including petroleum, with a 59.7% increase. Israel's miscellaneous chemical product shipments saw the third fastest increase in value, up 57.6%.


The only decline among Israel's top ten export categories was in aircraft and spacecraft, which fell by -3.6% compared to 2021. 


At the detailed 4-digit HS code level, Israel's most valuable exports in 2022 are unset diamonds (14.8% of Israel's total exports), electronic integrated circuits and microcomponents (6.7%), products or residues of the chemical industry (4.4%), fertilizer mixtures (3.5%), electronic medical devices such as X-rays (3.3%), smartphones including telephone equipment (3.3%), various measuring and testing machines (2.9%), drug mixtures in doses (2.8%), airplane parts (2.1%), and then drug mixtures not in doses (1.9%).




Customs data contains a vast amount of information, and extracting relevant customer contact information can be time-consuming. Is the outcome truly unsatisfactory, or is it due to using customs data in the wrong way, resulting in wasted effort and time?


Utilizing customs data for customer development involves accurately profiling all purchasers and their procurement systems in the target market. This approach swiftly identifies the highest compatibility customers, assesses their credit systems and procurement details, pinpoints premium customers and profit potential, enhances development efficiency, and elevates results. When developing new clients using customs data, consider the following three approaches for reference. (>>>Click to Get Free Access to Customs Data from 80+ Countries<<<)


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1. Establishing a Customer Resource Repository by Country

Creating a customer resource repository is akin to your own work record sheet. Begin by utilizing trade tracking functionality to compile a list of all customers from a particular country. Next, perform specific analyses based on factors such as each purchaser's procurement volume, purchase cycle, product specifications, and supplier systems (with emphasis on examining the diversity or singularity of their supply channels; preferably retaining customers with diversified suppliers, as those relying on a single supply channel may be harder to develop). Lastly, filter out the potential high-quality customers constituting 30% of this country's total, and record them in your customer resource repository, allowing flexible categorization by country, time, customer name, follow-up steps, contact numbers, emails, and contacts. (>>>Click to Start Developing Customers for Free<<<)


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2. Creating a Customer Resource Repository by Peer Companies

Have a solid understanding of peer companies' English names (including full names, abbreviations, etc.). Utilize the global networking capability of suppliers to generate a list of all clients associated with peer companies within the system. Following this, perform essential analyses on these clients based on factors like procurement volume, procurement cycle, product models, and others. Ultimately, identify and record the key customers of your targeted peer companies in your customer resource repository.(>>>Click to Start Developing Customers for Free<<<)


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3. Cataloging New Customers from Each Country

For newly emerging customers from specific countries, use the trade search function to select the country, set the date range and limit product names or customs codes. Check "Newest," and the search results will display high-quality customers that emerged most recently in that country within the designated timeframe. Since these customers are newly established, with recent procurement transactions, their supplier stability might be unsteady. Therefore, prioritize following up with these new potential buyers. Lastly, record all these new prospects in your customer resource repository.、(>>>Click to Start Developing Customers for Free<<<)


All three strategies for utilizing customs data to develop customers can be tailored to your company's actual needs. Depending on market conditions, industry specifics, strategic requirements, etc., find the approach that suits you best, with the sole aim of classifying and organizing your premium customers. Once you've found suitable customers, the next step is to contact them precisely, employing various methods such as phone calls, emails, and online chats.


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