Date,
Time MSK

12.02.2016



Israeli-Russian Bilateral Trade, 10 months of 2015


In the first 10 months of 2015 Israeli-Russian bilateral trade volume increased by 4% and reached 2.7 billion USD compared to 2.6 billion USD in the same period of 2014.


Israeli exports to Russia fell to 0.6 billion USD (by 30%) while imports rose to 2.1 billion USD (by 19%) (see Figure 1).



Figure 1. 2007-2015 Israeli-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Israeli-Russian bilateral trade turnover, billion USD.png

* 2015 data includes January – October


Israeli exports to Russia


Israel primarily exports to Russia the following products (see Figure 2, Table 1):

▪ Edible vegetables and certain roots and tubers (27%)

▪ Electrical, electronic equipment (8%)

▪ Plastics and articles thereof (8%)

▪ Edible fruit, nuts, peel of citrus fruit, melons (7%)

▪ Machinery, nuclear reactors, boilers, etc (6%)

▪ Pharmaceutical products (6%)

▪ Pearls, precious stones, metals, coins, etc (6%)

▪ Optical, photo, technical, medical, etc apparatus (5%)

▪ Tools, implements, cutlery, etc of base metal (4%)

▪ Essential oils, perfumes, cosmetics, toileteries (3%)

▪ Vegetable, fruit, nut, etc food preparations (3%)

▪ Furniture, lighting, signs, prefabricated buildings (3%)

▪ Wadding, felt, nonwovens, yarns, twine, cordage, etc (2%)

▪ Clocks and watches and parts thereof (1%)


In the first 10 months of 2015 the imports of Israeli made products in Russia experienced a significant fall. The imports of optical, photo, technical, medical, etc apparatus fell by 51%; the imports of clocks and watches and parts thereof - by 47%.



Figure 2. Structure of Israeli Exports to Russia, January – October 2015. Source: ITC Trade Map.

Figure 2. Structure of Israeli Exports to Russia, January – October 2015.png



Table 1. Key products exported from Israel to Russia in January – October 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume, 10 months 2014, USD thousand

Volume, 10 months 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Israeli products

7

Edible vegetables and certain roots and tubers

$195,433

$151,133

-23%

9.4

12.4

85

Electrical, electronic equipment

$56,697

$43,302

-24%

0.2

3.4

39

Plastics and articles thereof

$61,521

$42,203

-31%

0.5

7.2

8

Edible fruit, nuts, peel of citrus fruit, melons

$55,038

$38,287

-30%

1.5

5.2

30

Pharmaceutical products

$66,243

$35,078

-47%

1.5

5.5

84

Machinery, nuclear reactors, boilers, etc

$33,174

$35,723

8%

0.1

1.9

71

Pearls, precious stones, metals, coins, etc

$45,725

$33,408

-27%

0.5

15.1

90

Optical, photo, technical, medical, etc apparatus

$56,355

$27,461

-51%

1

2.8

82

Tools, implements, cutlery, etc of base metal

$33,173

$23,915

-28%

1.7

6.7

33

Essential oils, perfumes, cosmetics, toileteries

$26,764

$19,334

-28%

1.1

9.7

20

Vegetable, fruit, nut, etc food preparations

$27,857

$18,565

-33%

2.1

10.8

94

Furniture, lighting, signs, prefabricated buildings

$15,685

$17,619

12%

0.2

11.9

56

Wadding, felt, nonwovens, yarns, twine, cordage, etc

$20,783

$11,728

-44%

4.4

6

91

Clocks and watches and parts thereof

$7,127

$3,757

-47%

0

10.9



Russian exports to Israel


In the first 10 months of 2015 Russia has exported to Israel the following products (see Figure 3, Table 2):


▪ Mineral fuels, oils, distillation products, etc (57%)

▪ Pearls, precious stones, metals, coins, etc (23%)

▪ Cereals (6%)

▪ Salt, sulphur, earth, stone, plaster, lime and cement (3%)

▪ Iron and steel (2%)

▪ Aluminium and articles thereof (2%)

▪ Copper and articles thereof (1%)

▪ Wood and articles of wood, wood charcoal (1%)

▪ Fertilizers (1%)

▪ Miscellaneous chemical products (1%)

▪ Inorganic chemicals, precious metal compound, isotopes (1%)

▪ Paper and paperboard, articles of pulp, paper and board (0.4%)

▪ Beverages, spirits and vinegar (0.3%)

▪ Miscellaneous manufactured articles (0.1%)


The first 10 months of 2015 showed a significant rise in Russian exports to Israel of miscellaneous manufactured articles (+108000%). At the same time the exports of aluminium and articles thereof (-48%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Israel, January – October 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Israel, January – October 2015.png



Table 2. Key products exported from Russia to Israel in January – October 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume, 10 months 2014, USD thousand

Volume, 10 months 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$596,161

$1,232,712

107%

0

71

Pearls, precious stones, metals, coins, etc

$708,544

$497,433

-30%

8.8

10

Cereals

$202,572

$122,230

-40%

0.2

25

Salt, sulphur, earth, stone, plaster, lime and cement

$19,770

$53,187

169%

0.4

76

Aluminium and articles thereof

$77,482

$40,580

-48%

7.5

72

Iron and steel

$19,864

$34,097

72%

0

74

Copper and articles thereof

$31,720

$27,461

-13%

0.4

31

Fertilizers

$13,955

$21,319

53%

2.4

44

Wood and articles of wood, wood charcoal

$23,692

$19,193

-19%

2.8

38

Miscellaneous chemical products

$10,311

$13,513

31%

1.3

28

Inorganic chemicals, precious metal compound, isotopes

$2,130

$11,294

430%

0.4

48

Paper and paperboard, articles of pulp, paper and board

$12,928

$9,582

-26%

0.2

22

Beverages, spirits and vinegar

$4,901

$6,890

41%

2.7

96

Miscellaneous manufactured articles

$1

$1,081

108000%

0



Table 3. represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Israel. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Israel

GDP in 2014, billion dollars

1,857.461

303.771

Estimated GDP in 2015, billion dollars

1,175.996

306.873

Inflation, average consumer prices, %

7.82

1.88

Volume of imported goods, billion dollars

282.6

72.3

Volume of exported goods, billion dollars

492.1

68.9

Unemployment rate, %

5.10

5.95

Population, millions

143.7

8.2


Partners

  • pic
  • pic