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Trade

China remains Israel's largest source of imports in 2023

January 22, 2024


Abstract : China kept its position as Israel's largest source of commodity imports for the fourth consecutive year in 2023, data released by Israel's Central Bureau of Statistics showed on Sunday.

JERUSALEM, Jan. 21 (Xinhua) -- China kept its position as Israel's largest source of commodity imports for the fourth consecutive year in 2023, data released by Israel's Central Bureau of Statistics showed on Sunday.

In 2023, Israeli imports from China amounted to 11.2 billion U.S. dollars, with the main imports being machinery, electrical and electronic equipment, textiles, electric cars, chemicals, rubber, and plastics.

The United States is Israel's second-largest source of imports, providing commodities worth 9.06 billion dollars last year. Germany, Switzerland, and Türkiye came next on the list.

The highest volume of Israeli exports in 2023 was to the United States, totaling 17.58 billion dollars, followed by China with 3.44 billion dollars, and Ireland with 3.42 billion dollars. Next on the list are the Netherlands, India, and Germany.

Israel's exports to Morocco recorded a year-on-year sharp increase of 162 percent in 2023 to reach 100.5 million dollars, after an economic and trade cooperation agreement was signed between the two countries in 2022.

Israel's exports to Morocco mainly include explosives, chemicals, metals, plastics, and optical and medical equipment.

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Keyword: China-Israel foreign trade

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