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Israel

Israel

The legal basis for EU trade relations with Israel is the EU-Israel Association Agreement, which entered into force in June 2000. The aim of this agreement is to provide an appropriate framework for political dialogue and economic cooperation between the EU and Israel.

Trade picture

  • Israel is an important trading partner for the EU in the Mediterranean area, and the EU is the first trading partner for Israel with total trade amounting to approximately €29 billion in 2013.
  • EU exports of goods to Israel are dominated by machinery and transport equipment, chemicals, and other semi-manufactures.
  • EU imports from Israel are dominated by chemicals, machinery and transport equipment, and fuels and mining products.

EU-Israel "trade in goods" statistics

Trade in goods 2011-2013, € billions
Year EU imports EU exports Balance
2011 12.8 16.9 4.1
2012 12.7 17.1 4.3
2013 12.5 17.0 4.5

EU-Israel "trade in services" statistics

Trade in services 2010-2012, € billions
Year EU imports EU exports Balance
2010 3.0 4.2 1.2
2011 3.3 4.7 1.4
2012 3.3 4.5 1.3

Foreign direct investment

Foreign direct investment 2012, € billions
Year Inward stocks Outward stocks Balance
2012 28.7 8.6 -20.1

More statistics on Israel

EU and Israel

Negotiations to open up additional agricultural trade between the EU and Israel were  concluded in 2008 and the agreement is in force since January 2010.

Israel in Euromed

Israel is part of the Euro-Mediterranean Partnership (Euromed) that promotes economic integration and democratic reform across 16 neighbours to the EU's south in North Africa and the Middle East. One important part of this work is to achieve mutually satisfactory trading terms for the Euromed region partners.

The Euro-Mediterranean Partnership is an essential component in the pursuit of greater economic integration in the Mediterranean region.

A regional convention on preferential rules of origin for the Pan-Euro-Mediterranean area would lead to a rapid revision of the existing rules of origin, and thus facilitate regional trade and economic integration.

The system – which makes it simpler to import products manufactured in more than one country throughout the Mediterranean basin – will generate new opportunities for economic operators. It is also an important spur for further regional economic integration.

More information on the Euro-Mediterranean Partnership

Trading with Israel