Question: Who Are Israel’S Largest Trading Partners?

What is Israel’s biggest export?

Israel’s Top ExportsDiamonds – $10.7 billion.Refined petroleum – $2.76 billion.Citrus – $229 million.Petroleum gas – $153 million.Cement – $132 million..

Is Israel a poor country?

A report issued by the OECD in 2016 ranks Israel as the country with the highest rates of poverty among its members. Approximately 21 percent of Israelis were found to be living under the poverty line – more than in countries such as Mexico, Turkey, and Chile. The OECD average is a poverty rate of 11 percent.

Why Israel is so rich?

The country’s major economic sectors are high-technology and industrial manufacturing; the Israeli diamond industry is one of the world’s centers for diamond cutting and polishing, amounting to 23.2% of all exports.

Who does Israel trade with?

In 2018, Israel major trading partner countries for exports were United States, China, United Kingdom, Hong Kong, China and Bunkers and for imports they were China, United States, Turkey, Russian Federation and Germany.

Who are our biggest trading partners?

U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

Who are Germany’s largest trading partners?

Also shown is each import country’s percentage of total German exports.United States: US$132.8 billion (8.9% of Germany’s total exports)France: $119.5 billion (8%)China: $107.5 billion (7.2%)Netherlands: $93 billion (6.3%)United Kingdom: $88 billion (5.9%)Italy: $76.2 billion (5.1%)Poland: $73.6 billion (5%)More items…•