Israel is a rich nation with a reasonably high amount of per capital growth, approximately €36, 000, yet it remains dependent on trade relations owing to lack of natural resources within its territory. Its trade relations with major nations like US, EU, China, India and other small nations are growing, and owing to its limited resources, Israel has learned the craft of being innovative and exporting its expertise in many fields that are beneficial to developing countries. However, Israel being surrounded by Arab nations, is always on the edge of being a target for terrorism, due to which much of its investments and reserves go into spending on weaponry and defending its territory against any hostile attacks.
This report elaborates the trade patterns of Israel, its export and import health, relations with trading partners, and its ability and management of averting all possible trade related issues of the future. In addition, the report also enlarges and highlights the best trading partners and the peculiar patterns it follows.
Israel has a good track record of import and export commodities, and it also tries to manage the likelihood of trade deficit widening. As per UN Comtrade database, Israel registered a total export of $60.5 billion dollars and an import of $65.8 billion dollars’ worth of goods and service. This indicates a deficit of about $5 billion dollars, which in contemporary terms is always manageable and reducible with policy intervention.