Israel’s Top 10 Imports

Dazzling diamond bracelet courtesy of Pixabay.com

Dazzling diamond bracelet

Israel imported US$76.6 billion worth of goods from around the globe in 2018, up by 5.9% since 2014 and up by 10.8% from 2017 to 2018.

Israeli imports represent just 0.4% of total globally imported products which totaled $17.788 trillion one year earlier.

From a continental perspective, about 41% of Israel’s total imports by value in 2018 were purchased from European countries. Asian trade partners supplied 37.6% of import purchases by Israel while 14.4% worth of goods originated from North America. At 1.5%, a much smaller percentages came from Africa despite Israel’s relatively close proximity to the Dark Continent.

Given Israel’s population of 8.4 million people, its total $76.6 billion worth of 2018 imports translates to roughly $9,100 in yearly product demand from every person in the Middle Eastern country.

Israel’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Israel’s import purchases during 2018. Also shown is the percentage share each product category represents in terms of overall imports into Israel.

  1. Machinery including computers: US$9.9 billion (12.9% of total imports)
  2. Mineral fuels including oil: $9.8 billion (12.8%)
  3. Electrical machinery, equipment: $8 billion (10.4%)
  4. Gems, precious metals: $6.9 billion (9%)
  5. Vehicles: $6.4 billion (8.4%)
  6. Plastics, plastic articles: $2.9 billion (3.7%)
  7. Optical, technical, medical apparatus: $2.6 billion (3.4%)
  8. Pharmaceuticals: $2.4 billion (3.2%)
  9. Iron, steel: $1.73 billion (2.3%)
  10. Aircraft, spacecraft: $1.68 billion (2.2%)

Israel’s top 10 imports accounted for over two-thirds (68.3%) of the overall value of its product purchases from other countries.

Aircraft and spacecraft had the fastest increase in value among Israel’s top 10 import categories, up 128.2% from 2017 to 2018.

In second place for improving import purchases was the iron or steel category, thanks to its 30.1% uptick. Israeli imports of minerals fuels including oil delivered the third-fastest gain up 29.3%.

The sole decliner was the gems and precious metals category, down -2.9% year over year.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.

Machinery

In 2018, Israeli importers spent the most on the following 10 subcategories of machinery including computers.

  1. Machinery for making semi-conductors: US$2.3 billion (up 6.5% from 2017)
  2. Computers, optical readers: $1.5 billion (up 6.5%)
  3. Turbo-jets: $638.8 million (down -2%)
  4. Printing machinery: $447.2 million (up 4.3%)
  5. Taps, valves, similar appliances: $368.6 million (up 18.4%)
  6. Refrigerators, freezers: $347.1 million (up 7.3%)
  7. Centrifuges, filters and purifiers: $311.8 million (up 0.1%)
  8. Air conditioners: $279.8 million (down -3%)
  9. Heavy machinery (bulldozers, excavators, road rollers): $265.1 million (up 6.1%)
  10. Miscellaneous machinery: $258.5 million (up 7.3%)

Among these import subcategories, Israeli purchases of taps, valves and similar appliances (up 18.4%), miscellaneous machinery (up 7.3%) then refrigerators and freezers (up 7.3%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery including computers among Israel’s businesses and consumers.

Fuel

In 2018, Israeli importers spent the most on the following 10 subcategories of mineral fuels-related products.

  1. Crude oil: US$6.1 billion (up 36.4% from 2017)
  2. Processed petroleum oils: $2.5 billion (up 30.3%)
  3. Coal, solid fuels made from coal: $752.1 million (up 0.2%)
  4. Petroleum gases: $343.9 million (up 1.5%)
  5. Petroleum oil residues: $37.4 million (up 8.4%)
  6. Peat: $11.2 million (up 25.7%)
  7. Petroleum jelly, mineral waxes: $5.4 million (down -52.8%)
  8. Asphalt/petroleum bitumen mixes: $5 million (up 23%)
  9. Coal tar oils (high temperature distillation): $4.8 million (down -62.5%)
  10. Tar pitch, coke: $1.2 million (up 128.7%)

Among these import subcategories, Israeli purchases of tar pitch and coke (up 128.7%), crude oil (up 36.4%) then processed petroleum oils (up 30.3%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported mineral fuels-related products among Israel’s businesses and consumers.

Electronics

In 2018, Israeli importers spent the most on the following 10 subcategories of electrical products including consumer electronics.

  1. Phone system devices including smartphones: US$2.1 billion (up 4.6% from 2017)
  2. Integrated circuits/microassemblies: $1.2 billion (up 11.4%)
  3. TV receivers/monitors/projectors: $532.9 million (up 40.7%)
  4. Insulated wire/cable: $445.8 million (up 19.2%)
  5. Lower-voltage switches, fuses: $364.9 million (up 5.4%)
  6. Electrical converters/power units: $350 million (up 14.5%)
  7. Solar power diodes/semi-conductors: $280.5 million (up 42.9%)
  8. Electric motors, generators: $260.1 million (up 64.8%)
  9. Electric water heaters, hair dryers: $216.4 million (up 4.1%)
  10. TV receiver/transmit/digital cameras: $187.9 million (up 4.9%)

Among these import subcategories, Israeli purchases of electric motors and generators (up 64.8%), solar power diodes or semi-conductors (up 42.9%) then TV receivers, monitors and projectors (up 40.7%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electrical products among Israel’s businesses and consumers.

Gems

In 2018, Israeli importers spent the most on the following 10 subcategories of gems and precious metals.

  1. Diamonds (unmounted/unset): US$6.5 billion (down -3.1% from 2017)
  2. Jewelry: $217.8 million (up 4.8%)
  3. Silver (unwrought): $43.2 million (down -1.5%)
  4. Imitation jewelry: $34.6 million (up 15.3%)
  5. Gold (unwrought): $18 million (up 88.5%)
  6. Goldsmith/silversmith wares: $11.2 million (up 21.9%)
  7. Other precious metal items: $8.8 million (up 89.5%)
  8. Platinum (unwrought): $8.1 million (up 42.3%)
  9. Synthetic precious stones: $6.6 million (up 7.9%)
  10. Precious stone dust, powder: $3.9 million (down -10.4%)

Among these import subcategories, Israeli purchases of other precious metal items (up 89.5%), unwrought gold (up 88.5%) and unwrought platinum (up 42.3%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported precious metals and gems among Israel’s businesses and consumers.



 

See also Israel’s Top Trading Partners and Israel’s Top 10 Exports

Research Sources:
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on March 15, 2019

International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 15, 2019

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 15, 2019

Trade Map, International Trade Centre. Accessed on March 15, 2019