Changes

The general consensus among economists is that Israel's economy is very strong and that its growth potential is in the 4% to 5% range.  

The general consensus among economists is that Israel's economy is very strong and that its growth potential is in the 4% to 5% range.  

 

The United States is Israel's largest trading partner. In 2005, two-way trade totaled some $26.6 billion, up 12% from 2004. The U.S. trade deficit with Israel was $7.1 billion in 2005, up 33% from 2004, due largely to rising Israeli exports to the U.S. U.S. exports to Israel rose 6.1% in 2005 to $9.7 billion, making Israel our 19th largest export market for goods. The principal goods exported from the U.S. include civilian aircraft parts, telecommunications equipment, semiconductors, civilian aircraft, electrical apparatus, and computer accessories. Israel's chief exports to the U.S. include diamonds, pharmaceutical preparations, telecommunications equipment, medicinal equipment, electrical apparatus, and cotton apparel. The two countries signed a free trade agreement (FTA) in 1985 that progressively eliminated tariffs on most goods traded between the two countries over the following 10 years. An agricultural trade accord signed in November 1996 addressed the remaining goods not covered in the FTA but has not entirely erased barriers to trade in the agricultural sector. Israel also has trade and cooperation agreements in place with the European Union, Canada, Mexico, and other countries.  

The United States is Israel's largest trading partner. In 2005, two-way trade totaled some $26.6 billion, up 12% from 2004. The U.S. trade deficit with Israel was $7.1 billion in 2005, up 33% from 2004, due largely to rising Israeli exports to the U.S. U.S. exports to Israel rose 6.1% in 2005 to $9.7 billion, making Israel our 19th largest export market for goods. The principal goods exported from the U.S. include civilian aircraft parts, telecommunications equipment, semiconductors, civilian aircraft, electrical apparatus, and computer accessories. Israel's chief exports to the U.S. include diamonds, pharmaceutical preparations, telecommunications equipment, medicinal equipment, electrical apparatus, and cotton apparel. The two countries signed a free trade agreement (FTA) in 1985 that progressively eliminated tariffs on most goods traded between the two countries over the following 10 years. An agricultural trade accord signed in November 1996 addressed the remaining goods not covered in the FTA but has not entirely erased barriers to trade in the agricultural sector. Israel also has trade and cooperation agreements in place with the European Union, Canada, Mexico, and other countries.