Value of exports from Israel to Asia 2019-2022

In 2022, exports from Israel to Asian countries reached a value of over 16.5 billion U.S. dollars. This was a moderate increase compared to the previous year. In recent years, the trade ties between Israel and many Asian countries have been strengthened significantly, including the import trade in a wide variety of goods. For instance, in 2021, imports from Asia into Israel  accumulated an amount of more than 24.6 billion U.S. dollars.

China as an important trade partner

  Israel has many important trade partners in Asia, including India, Japan, and South Korea. However, China is the key trade partner. In general, Israel maintains close and diversifying economic relations with China. Consequently, in 2022, Exports from Israel to china reached over 4.6 billion U.S. dollars. In terms of imports, Israel deals with a wide range of products such as electronics and textiles. The total import value from China to Israel  amounted to more than 13.1 billion U.S. dollars in 2022.

Development of strong tourism ties

  There is an extensive tourism relationship between Israel and Asian countries. The launch of airline routes to destinations in the Far East helped the development of tourism between Israel and countries in the region. Tourists arrive in Israel from many Asian countries, especially South Korea and Japan. In 2020, the number of tourists from South Korea in Israel amounted to 17.1 thousand, which was a decrease compared to the previous year. However, the recession in number was largely a result of the global Coronavirus (COVID-19) outbreak in March 2020.