Import and Export :: Raveh Ravid

Import and export of goods and services in 2006 rose by 3.1% and 4.9%.
Total export of goods and services from Israel in 2006 reached 62.6 billion dollars, an increase of 9% over the previous year.

In 2006, the total import of goods (excluding diamonds) was 38.7 billion dollars, representing a rise of 9.3% compared with 2005. The total export of goods (excluding diamonds) was 30.6 billion dollars, representing a rise of 14.4%, compared with 2005.

Industrial exports are the main component of Israel's exports – 74% of the goods exported, reaching 29.3 billion dollars, and an increase of 15% over 2005.

Services exported by Israel was 19.3 billion dollars in 2006, an increase of 10% over the previous year, continuing the trend since 2005.

Export of goods by region 2006: North America is the principal destination of Israeli goods, 40% of the total. Export to the E.U. amounts to 27% and Asia is the third destination, with 19% of the total.

Goods and services imported reached a total of 61.7 billion dollars, an increase of 7% compared to the previous year. In 2005 the increase was 10%. The total of all imports (excluding military imports, ships, airplanes and diamonds) rose by 5% in 2006 compared to 5.2% in 2005.

Gross Exports and Imports by Region in US$M

Region Import

	2006	2005
E.U.	17,860.2	17,439.7
U.S.A	5,616.6	6,042.1
Asia	9,348.0	8,214.2
Other Countries	14,626.2	13,338.5
Total	47,751.0	45,034.5

Region Export

	2006	2005
E.U.	12,693.3	12,261.1
U.S.A	17,846.5	15,500.1
Asia	8,526.1	7,684.1
Other Countries	7,382.6	7,325.1
Total	46,448.5	42,770.4

Gross exports by sector in US$M

Group	2006
Manufacturing Exports	42,038.5
Agricultural Produce	1,029.3
Rough Diamonds	3,096.6
Other	284.1
Total	46,448.5

Custom/import licensing

Certain imported goods require a license from the appropriate authorities. Different imported items are liable to different customs rates.
The rate for any particular item should be checked carefully with a registered customs agent before actual importation.

Sources:
• Central bureau of statistics Israel, Israel's National Accounts 2006, March
2007
• Central bureau of statistics Israel, Summary of Israel's Foreign Trade by Country - 2006, January 2007
• The Israel Export & International Cooperation Institute, Trade Overview, 2006