Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements.
Last Published: 12/2/2019

The United States is Israel's single largest trading partner. Since signing the Free Trade Agreement (FTA) in 1985, U.S.-Israel trade has grown eight-fold. Nearly all non-agricultural trade tariffs between the United States and Israel have been eliminated since 1995.

In 2018, U.S. exports of goods to Israel were $13.7 billion, a 9% increase over that figure in 2017. Principal categories of U.S. merchandise exports to Israel in 2018 were miscellaneous manufactured commodities, transportation equipment, computer & electronic products, machinery and chemicals. In 2017, exports of U.S. goods and services combined to Israel were $18.65 billion, compared to $18.7 billion and $18.6 billion in 2016 and 2015 respectively. U.S. imports of goods and services from Israel in 2017 were $29.5 billion compared to 2016 and 2015 respectively (please fill in numbers).

Israel’s 2018 Gross Domestic Product (GDP) real growth increased by 3.3% over 2017. Israel’s GDP Purchasing Power Parity (PPP) in 2018 was $362.3 billion.  Per Capita GDP increased from $38,427 in 2017 to $40,799, and Israel’s 2018 inflation rate increased to 1.1% from 0.4% in 2017. The inflation rate forecast for 2019 is 1.5%. Israel’s 2018 unemployment rate (working age population 15+) was 3.85%, compared to 3.86% in 2017. 
According to SelectUSA, the total 2017 stock of foreign direct investment (FDI) from Israel to the United States was $39.3 Billion.

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.