In 2016, the value of import from Belgium to Israel was 3.9 billion USD, an increase of 19.5% compared to 2015, according to Israel’s Central Bureau of Statistics. Export from Israel to Belgium did not change significantly and was 2.5 Billion USD.
All the data and graphs in this review are based on data from Israel’s Central Bureau of Statistics.
The highest value of import from Belgium to Israel was in the following commodities: Pearls, precious stones, precious metals imitation jewellery and coins (1.85 Billion USD, 47.3% of the total value of import), Vehicles and their parts (451 Million USD, 11.5%), Machinery and mechanical appliances and computer equipment (440 Million USD, 11.3%) and Pharmaceutical products (252 Million USD, 6.4%).
In 2016 there was a significant gap, of over 500 Million USD, between the volume of commodities that were purchased in Belgium and imported to Israel and the volume of commodities which originated in Belgium (but not necessarily purchased there) and were imported to Israel. Despite this gap, in 2016 Belgium was one of the main countries of origin for commodities imported to Israel. Out of the total import to Israel, commodities in the value of 3.2 Billion USD originated in Belgium. Belgium was the fourth country of origin in import to Israel after China (8 Billion USD), USA (7.9 Billion USD), and Germany (4.3 Billion USD).
As for the export from Israel to Belgium, in 2016, the highest value of export was in the following economic industries: Working of diamonds (782.9 Million USD, 31.2% of the total value of export), Manufacture of chemicals and chemical products (167 Million USD, 6.7%), and Manufacture of chemicals and chemical products (138 Million USD, 5.5%).
Among EU Member States, in 2016 Belgium was the second largest destination for export from Israel (following the UK), as well as the second largest source for import into Israel (following Germany). 15.8% of export from Israel to the EU was to Belgium and 14.3% of import from the EU into Israel was from Belgium.