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Market Overview

  • The U.S. is Israel's largest single country trade partner. Since signing a Free Trade Agreement in 1985, Israel–US trade has grown eight-fold. Since 1995 nearly all trade tariffs between the U.S. and Israel have been eliminated.
  • In 2014, GDP real growth decreased to 2.5% from 3.2% in 2013. In 2012, Israel’s GDP real growth rate was 3%.
  • Israel’s GDP in 2014 was $268.3 billion.
  • In 2014, Per Capita GDP (PPP) increased to $33,400. In 2013, GDP Per Capita (PPP) was $33,300.
  • Israel’s 2014 inflation rate was 0.5%, down from 1.5% in 2013.
  • Israel’s 2014 unemployment rate was 6.6%, compared to 6.2% in 2013.
  • Exports of U.S. goods to Israel in 2014 were $15 billion, compared to $13.7 billion in 2013 and $14.3 billion in 2012.
  • U.S. imports from Israel in 2014 were $23.0 billion, $22.8 billion in 2013 and $22.1 billion in 2012.

Market Opportunities

  • Hi-tech and defense dominate Israel's trade numbers, and Israel remains a global center for hi-tech design and R&D. Hi-tech continues to provide opportunities for U.S.-Israel commercial partnerships, specifically in ICT technologies, safety and security equipment and services, renewable energy technologies, defense equipment, medical technologies and biotechnology products. Power generation and education/training also represent good opportunities.
  • U.S.-Israeli commercial linkages often consist of U.S. firms providing electronic inputs which Israeli firms integrate into final products destined for re-export.

Road technology and infrastructure projects could offer millions of dollars' worth of export opportunities for U.S. firms over the next five years, especially since Israel adopted U.S. standards in intelligent transportation systems.


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