2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$54,660CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
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About

Canada-Israel Trade: In 2022, Canada exported $506M to Israel. The main products that Canada exported to Israel were Perfume Plants ($41.4M), Electric Heaters ($35.2M), and Cars ($30.2M). Over the past 5 years the exports of Canada to Israel have increased at an annualized rate of 6.67%, from $367M in 2017 to $506M in 2022.

In 2020, Canada exported services to Israel worth $91.7M, with Computer and information services ($31.3M), Travel ($20.9M), and Transportation ($17.9M) being the largest in terms of value.

Israel-Canada Trade: In 2022, Israel exported $1.33B to Canada. The main products that Israel exported to Canada were Special Purpose Ships ($250M), Medical Instruments ($86.1M), and Packaged Medicaments ($66.2M). Over the past 5 years the exports of Israel to Canada have increased at an annualized rate of 4.32%,  from $945M in 2017 to $1.33B in 2022.

In 2012, Israel exported services to Canada worth $16.6M, with Computer and information services ($16.6M) being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $506M to Israel. The main products exported from Canada to Israel were Perfume Plants ($41.4M), Electric Heaters ($35.2M), and Cars ($30.2M). During the last 5 years the exports of Canada to Israel have increased at an annualized rate of 6.67%, from $367M in 2017 to $506M in 2022.

In 2017, Israel exported $1.33B to Canada. The main products exported from Israel to Canada were Special Purpose Ships ($250M), Medical Instruments ($86.1M), and Packaged Medicaments ($66.2M). During the last 5 years the exports of Israel to Canada have increased at an annualized rate of 4.32%, from $945M in 2022 to $1.33B in 2017.

Exports from Canada (Flag) to Israel (Flag) (2022)

Exports from Israel (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Israel
Top Destination
United States$20.3B

This map shows whether countries import more from Canada or Israel. Each country is colored based on the difference in imports they receive from Canada and Israel or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Israel included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Israel than Canada included Palestine ($4.6B), Ireland ($3.86B), and Turkey ($2.33B).

Difference in imports from Israel (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Israel

Flow
Scale

This chart compares trade between Canada and Israel by product, considering products traded by both, Canada and Israel.

During 2022, Canada had a large net trade with Israel in the exports of Machines ($159M), Vegetable Products ($108M), and Transportation ($57.2M).

During 2017, Israel had a large net trade with Canada in the exports of Transportation ($297M), Machines ($248M), and Chemical Products ($208M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Israel+$53.1MCars
Top Product Potential Israel Canada+$28.9MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Israel. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Israel (Flag) (2022)

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