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In 2020, Israel exported 49.8 billion dollars worth of goods around the world, down by minus 17.8 percent from 2016. From 2019 to 2020, the value of Israel's exports fell by minus 14.9 percent year on year. If you're new to the Big Man Business Youtube Channel, please subscribe and turn on the notification bell to see new business expert videos.


Israel increased its exports to four major trading partners: the Netherlands up by 13.7 percent, South Korea up by 8.6 percent, Japan up 8.4 percent, and Germany up by eight. China accounts for 8.3 percent of total Israeli exports, India for 3.2 percent and Belgium for 2.9 percent.


Aircraft and spacecraft posted the fastest increase in value among Israel's top 10 import categories, up by 24.6 percent from 2019 to 2021. Israeli imports of vehicles delivered the third fastest gain up 8.8 percent. The greatest decliner was the gems and precious metals category, down 26.2 percent year over year.


Israel shipped 49.8 billion dollars worth of goods around the world in 2021. Exports paid for in weaker US dollars are more expensive for international buyers due to Israel's stronger local currency. The Israeli shekel has appreciated by 10.4 percent against the US dollar since 2016, according to the average exchange rate for 2020. Israel's total exported goods account for 12.5 percent of its overall Gross Domestic Product valued at 354.2 billion dollars in Purchasing Power Parity US dollars in 2021. The fastest growing export category among the top ten was arms and ammunition, which increased by 67.9 percent from 2019 to 2020.


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