Israel

Israel ranked No. 25 in total trade value through June with a total of $12.84 billion. Exports totaled $5.24 billion and Imports totaled $7.6 billion, a deficit of $2.36 billion.

U.S. trade with Israel rose to $12.84 billion through June

Israel’s trade with the United States rose to $12.84 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 25.46 percent below its total trade during the same time period last year. U.S. exports to Israel decreased 23.07 percent while U.S. imports from Israel fell 27.03 percent. The U.S. deficit with Israel was $2.36 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Port of New Orleans; No. 4 Port of Savannah, Ga.; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Los Angeles International Airport; No. 4 Port of New Orleans and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 63.54 percent of Israel’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 42.82 percent to $3.76 billion.
    Exports fell 33 percent to $1.75 billion. Imports fell 49.27 percent to $2.01 billion.
  • Trade with No. 2 Port of Newark fell 2.78 percent to $2.43 billion.
    Exports fell 7.11 percent to $646.55 million. Imports fell 1.12 percent to $1.78 billion.
  • Trade with No. 3 Port of New Orleans fell 21.16 percent to $864.88 million.
    Exports rose 10.32 percent to $319.54 million. Imports fell 32.45 percent to $545.34 million.
  • Trade with No. 4 Port of Savannah, Ga. fell 1.98 percent to $631.7 million.
    Exports fell 7.58 percent to $143.49 million. Imports fell 0.21 percent to $488.2 million.
  • Trade with No. 5 Los Angeles International Airport fell 69.37 percent to $467.01 million.
    Exports fell 64.18 percent to $247.9 million. Imports fell 73.69 percent to $219.12 million.

Israel ranked No. 25 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 23.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Israel by value through June were the categories of Diamonds, not mounted; Civilian aircraft, parts; Computers; Oil; and Defense-related aircraft, parts, respectively. They accounted for 35.67 percent of total exports to Israel.

The value of the top five categories of U.S. imports from Israel –– Diamonds, not mounted; Medicines in individual dosages; Returned exports, without change; Medical instruments; and Cell phones, related equipment –– accounted for 50.49 percent of all inbound shipments.

Looking more closely at U.S. exports to Israel:

  • Diamonds, not mounted fell 53.18 percent compared to last year to $1.08 billion.
  • Civilian aircraft, parts fell 50.51 percent compared to last year to $374.22 million.
  • Computers rose 31.45 percent compared to last year to $155.28 million.
  • Oil rose 205.66 percent compared to last year to $133.77 million.
  • Defense-related aircraft, parts rose 5.34 percent compared to last year to $122.09 million.

Looking more closely at U.S. imports from Israel:

  • Diamonds, not mounted fell 59.74 percent compared to last year to $1.54 billion.
  • Medicines in individual dosages rose 1.6 percent compared to last year to $983.59 million.
  • Returned exports, without change fell 7.3 percent compared to last year to $602.94 million.
  • Medical instruments fell 10.74 percent compared to last year to $415.3 million.
  • Cell phones, related equipment rose 36.38 percent compared to last year to $295.1 million.

In the latest annual figures available, Israel recorded $33.88 billion in trade with the United States. Total U.S. exports to Israel were $ 14.38 billion and imports from Israel were $19.51 billion. The U.S. deficit with Israel was $5.13 billion.