Israel is the 48th largest export economy in the world and the 17th most complex economy according to the Economic Complexity Index (ECI). In 2017, Israel exported $48.8B and imported $62.5B, resulting in a negative trade balance of $13.7B. In 2017 the GDP of Israel was $350B and its GDP per capita was $38.3k.

The top exports of Israel are Diamonds ($10.7B), Packaged Medicaments ($4.72B), Integrated Circuits ($2.19B), Refined Petroleum ($1.58B) and Pesticides ($1.35B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Diamonds ($5.87B), Crude Petroleum ($3.98B), Cars ($3.79B), Photo Lab Equipment ($1.85B) and Broadcasting Equipment ($1.69B).

The top export destinations of Israel are the United States ($18.2B), China ($3.66B), Belgium-Luxembourg ($1.91B), India ($1.85B) and Germany ($1.78B). The top import origins are the United States ($6.93B), China ($5.91B), Switzerland ($4.67B), Germany ($4.18B) and Belgium-Luxembourg ($3.91B).

Israel borders Egypt, Jordan, Lebanon and Syria by land and Cyprus by sea.