Exporting to Israel
Strong economic performance
Israel’s economic performance is strong in terms of GDP growth, low inflation, and falling unemployment. The Israeli economy is stable, mature and supported by an efficient public sector.
Growing UK export market
Israel continues to be a growing export market for UK companies. According to official figures published by the Israel Central Bureau of Statistics, annual British exports to Israel have grown steadily in the past few years, from £2.16 billion in 2016 to £2.50 billion in 2019 (ONS, 2019).
Research and development
Israel has an excellent reputation for innovation and invention and is a world centre for research and development. There are opportunities for UK companies to pursue collaboration agreements with Israeli tech companies. Sectors of particular interest are software, electronics, biotech, healthcare, and telecommunications.
Opportunities for exporters
There are opportunities for UK companies across a broad range of industries. Our trade advisers in Israel have identified particular opportunities for UK businesses in the following sectors
Small and medium-sized enterprises
Israel has a very high performing small and medium-sized enterprises (SME) sector. These companies are world-leading in their fields but often need support with the challenges of digitalisation.
Drive to improve efficiency
Israeli manufacturing companies are keen to make their factories more efficient. There are opportunities for UK companies specialising in data and technology to help improve the output of Israeli plants.
High market demand makes Israel a preferred choice for many international healthcare and life sciences companies preparing to expand.
An increasing demand for healthcare services in Israel, combined with widespread digitisation and growing awareness of the importance of health and fitness, are paving the way for digital solutions in healthcare. Israel is also a world leader in medical technology and biotechnology, offering considerable opportunities for UK companies.
Israel presents significant opportunities in high-quality pharmaceutical research, production and distribution. The country can offer unique benefits to UK companies in the pharmaceuticals sector, including direct access to internationally renowned scientists and outstanding research units.
Food and drink
Growth in the online market
The Israeli food and drink industry is highly competitive, but until now has also been relatively conservative in its operating models. The introduction of new technology and digitalisation has helped to change this and has resulted in the number of imports from the UK increasing.
Increasing demand for goods from other countries
The Israeli public is becoming more open to new tastes and flavours. Food and drink imports from the UK remain concentrated at the medium to high-end of the market, but as interest grows the demand for a range of products is likely to increase.