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Israel Trade (% GDP)

Israel's trade (% GDP) fell to 54.45% in 2024, down from 57.99% in 2023, according to World Bank. This represents a decrease of 3.54% from the previous year. Israel has trade (% GDP) lower than the global median (54.45% vs median 84.49%). Compared with the median in Asia, Israel is lower (54.45% vs regional median 82.69%) and ranks 34th out of 45 countries in Asia.

Yearly Historical Data (1970-2024)

(in %)
Year Trade (% GDP)
2024 54.45%
2023 57.99%
2022 60.64%
2021 54.9%
2020 51.24%
2019 56.33%
2018 58.74%
2017 56.28%
2016 57.8%
2015 58.9%
2014 61.71%
2013 64.13%
2012 69.97%
2011 68.91%
2010 65.63%
2009 61.68%
2008 75.38%
2007 78.84%
2006 78.44%
2005 78.32%
2004 74.97%
2003 66.88%
2002 65.47%
2001 62.14%
2000 68.35%
1999 64.74%
1998 56.9%
1997 57.57%
1996 58.13%
1995 59.39%
1994 59.79%
1993 60.01%
1992 54.91%
1991 55.72%
1990 60.9%
1989 62.9%
1988 60.25%
1987 69.04%
1986 66.31%
1985 75.67%
1984 70.28%
1983 63.56%
1982 69.27%
1981 79.33%
1980 79.97%
1979 79.21%
1978 85.98%
1977 70.45%
1976 67.33%
1975 66.57%
1974 61.22%
1973 64.71%
1972 55.95%
1971 58.99%
1970 58.28%
Israel Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Israel divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $60.26B $58.9B 2024
Annual Imports $91.85B $91.88B 2024
Balance of Trade -$3.5B -$4.2B Aug'25
Exports $4.4B $5.1B Aug'25
Exports (% GDP) 28.43% 30.41% 2024
FDI Inflows (% GDP) 3.11% 3.15% 2024
Imports $7.9B $9.3B Aug'25
Imports (% GDP) 26.02% 27.58% 2024
Net Trade (Goods & Services, BoP) $12.81B $14.21B 2024
Tariff Rate 3.16% 3.23% 2022