Date,
Time MSK

20.06.2016



Israelis -Russian Bilateral Trade in 2015


In 2015 Israelis-Russian bilateral trade volume increased by 73% and reached 3.3 billion USD compared to 1.9 billion USD in 2014.


Israelis exports to Russia fell to 0.68 billion USD (by 29%) while imports rose to 2.66 billion USD (by 173%) (see Figure 1).



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

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



Israelis exports to Russia


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


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

▪ Edible fruit, nuts, peel of citrus fruit, melons (8%)

▪ Electrical, electronic equipment (8%)

▪ Plastics and articles thereof (7%)

▪ Pearls, precious stones, metals, coins, etc (7%)

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

▪ Pharmaceutical products (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%)

▪ Miscellaneous edible preparations (1%)



In 2015 the imports of Israelis made products in Russia experienced a significant fall. The imports of optical, photo, technical, medical, etc apparatus fell by 44%; the imports of pharmaceutical products- by 50%.



Figure 2. Structure of Israelis Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Israelis Exports to Russia in 2015.png



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


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Israelis products

7

Edible vegetables and certain roots and tubers

$238,568

$181,767

-24%

10.20

12.4

8

Edible fruit, nuts, peel of citrus fruit, melons

$75,426

$56,441

-25%

1.40

5.2

85

Electrical, electronic equipment

$82,466

$52,796

-36%

0.50

3.4

39

Plastics and articles thereof

$70,917

$48,540

-32%

0.50

7.2

71

Pearls, precious stones, metals, coins, etc

$51,557

$47,201

-8%

0.60

15.1

84

Machinery, nuclear reactors, boilers, etc

$39,582

$40,651

3%

0.20

1.9

30

Pharmaceutical products

$76,507

$38,543

-50%

0.90

5.5

90

Optical, photo, technical, medical, etc apparatus

$65,393

$36,453

-44%

0.90

2.8

82

Tools, implements, cutlery, etc of base metal

$39,046

$28,320

-27%

2.00

6.7

33

Essential oils, perfumes, cosmetics, toileteries

$34,213

$23,071

-33%

0.80

9.7

20

Vegetable, fruit, nut, etc food preparations

$31,370

$22,574

-28%

2.40

10.8

94

Furniture, lighting, signs, prefabricated buildings

$17,964

$21,031

17%

0.30

11.9

56

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

$23,862

$14,293

-40%

3.90

6

21

Miscellaneous edible preparations

$14,328

$8,769

-39%

0.40

13.6




Russian exports to Israel


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


▪ Mineral fuels, oils, distillation products, etc (61%)

▪ Pearls, precious stones, metals, coins, etc (22%)

▪ Cereals (5%)

▪ Aluminium and articles thereof (2%)

▪ Salt, sulphur, earth, stone, plaster, lime and cement (2%)

▪ Iron and steel (1%)

▪ Copper and articles thereof (1%)

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

▪ Fertilizers (1%)

▪ Miscellaneous chemical products (1%)

▪ Other base metals, cermets, articles thereof (1%)



2015 showed a significant rise in Russian exports to Israel of mineral fuels, oils, distillation products, etc (+1104658%). At the same time the exports of pearls, precious stones, metals, coins, etc (-32%) showed a significant fall (see Table 2).




Figure 3. Structure of Russian Exports to Israel in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Israel in 2015.png



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


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$146

$1,612,947

1104658%

21.8

71

Pearls, precious stones, metals, coins, etc

$845,227

$575,569

-32%

7.9

10

Cereals

$1,880

$132,393

6942%

16.4

76

Aluminium and articles thereof

$42,261

$53,813

27%

10.3

25

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

$1,291

$53,277

4027%

13.7

72

Iron and steel

$379

$37,589

9818%

3

74

Copper and articles thereof

$896

$33,224

3608%

17.1

44

Wood and articles of wood, wood charcoal

$17,789

$22,833

28%

4

31

Fertilizers

$1,654

$22,545

1263%

37.6

38

Miscellaneous chemical products

$10,272

$16,219

58%

1.9

81

Other base metals, cermets, articles thereof

$4,019

$15,192

278%

11

28

Inorganic chemicals, precious metal compound, isotopes

$1,504

$12,276

716%

3.7

48

Paper and paperboard, articles of pulp, paper and board

$1,437

$11,805

722%

1.7

22

Beverages, spirits and vinegar

$6,776

$8,844

31%

3.2



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

GDP in 2015, billion dollars

1,175.996

306.873

Inflation, average consumer prices, %

7.82

-0.18

Volume of imported goods, billion dollars

282.6

62.1

Volume of exported goods, billion dollars

492.1

64.1

Unemployment rate, %

5.10

4.48

Population, millions

143.7

8.4


Partners

  • pic
  • pic