25 Years Of Bilateral Trade
There has been a steady rise in bilateral trade and economic relations every since diplomatic relations between India and Israel were established in 1992. From USD 200 million in 1992 (comprising primarily of diamonds), merchandise trade diversified and reached USD 4.16 billion (excluding defence) in 2016
India-Israel two-way trade in 2016 remained almost unchanged compared to 2015 – it grew by a mere 0.85%. The balance of trade has tilted in favour of Israel with Israel exporting goods worth USD 2.4 billion as opposed to India’s exports of USD 1.76 billion. India continues to be a 'focus' country for Israeli Government’s increased trade efforts. Trade with India constituted 3.3% of Israel’s total trade in 2016.
Major exports from India to Israel include pearls and precious stones, chemical and mineral products, machinery and electrical equipment, textile and textile articles, plastics, rubber, plants and vegetable products, mineral products, rubber and plastic products, base metals and transport equipment.
Major exports from Israel to India include defence, pearls and precious stones, chemical and mineral products, machinery and electrical equipment, base metals, machinery, and transport equipment.