The top export opportunities for Israel according to the relatedness index, are Laboratory Reagents (0.23), Hard Liquor (0.23), Revenue Stamps (0.23), Collector's Items (0.23), and Scrap Lead (0.23). The highly developed highway system enables people to move freely and efficiently. Industrial growth has been especially rapid since 1990 in high-technology, science-based industries such as electronics, advanced computer and communications systems, software, and weapons, and these have come to command the largest share of overall manufacturing output. Generally speaking, Israel has fewer exported goods as opposed to services. This page provides forecast and historical data, charts, statistics, news and updates for Israel Primary Industries Employment. In 2000, Elbit Systems merged with another major private-sector defense concern, El-Op Electro-Optics Industries Ltd, and combined sales reached $591 million, up from $436 million the previous year. Does It Snow In Jerusalem? The country has a well-developed manufacturing industry with large production capacity. Regular flights are maintained by several international airlines, with EL AL Israel Airlines Ltd., Israel’s national carrier, accounting for the largest share of the traffic. The main problem facing agriculture is the scarcity of water. Imports consist mainly of raw materials (including rough diamonds), capital goods, and food. The Israeli Cyber Security ecosystem is estimated to represent 7% of global sales and 8% of global investments, with over 250 remarkably advanced companies. The production of textiles and food products are major industries in _____. Services. Israel is a world-class leader in Cyber Security, with annual exports of more than 3 Billion USD. MAJOR INDUSTRIES IN SOUTH AFRICA . We want to briefly talk about the importance of these two factors so our readers can better understand our favorable view on the … Oil pipelines run from the port of Elat to the Mediterranean. Agriculture is one of the highly developed industries in Israel and a major source of export products. Its major function is to regulate the money supply and short-term banking. All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com. IAI is wholly owned by the government of Israel. Access to foreign markets has been vital for further economic expansion. Israel has perfected drip-irrigation methods that conserve water and optimize fertilizer use. According to Ministry of Foreign Affairs, high-tech industries are growing at an average of 8% per years and about 5% of the country’s GDP is spent on these industries, the highest among all the OECD countries. The banking system shows a high degree of specialization. This industry's large potential is yet to be exploited, as it is a major factor in Israel's economic growth plan. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Israeli diamond industry is an important part of the manufacturing sector. Israel is considered to be the leading UAV exporter in the world. The top four industries in Israel are technology, tourism, mining and manufacturing, and transportation. The major industries of Israel are high technology, metal products, electronic equipment, agricultal products, processed foods, chemicals, pharmaceuticals, transport equipment, and mostly important is the diamond industry they cut and polish it, they also have natural gas. Israel’s shipping access routes to both the Atlantic and Indian oceans have stimulated a continuous growth of its merchant fleet and airfreight facilities. It has 16,000 employees as of 2007. Israel has one of the most advanced economies in the world. Israel’s top 10 exports accounted for 81.3% of the overall value of its global shipments. Government-owned plants manufacture equipment used by Israel's large armed forces. The top four industries in Israel are technology, tourism, mining and manufacturing, and transportation. While Israel imports substantial quantities of grain (approximately 80% of local consumption), it is largely self-sufficient in other agricultural products and food stuffs. A ... Manufacturing. Israel is a leader in agricultural technologies and one of the major exporters of fresh produce. High-technology products led the list of exports, and Israel sells fruit (including citrus), vegetables, and flowers throughout Europe during the off-season. Israel’s developed transportation system plays a critical role in its economic success. Airports at Jerusalem, Tel Aviv, Elat, Rosh Pinna, and Haifa serve the country’s domestic air traffic. The main focus of Israel's economy is the production of _____. The growth of this industry is not showing any sign of slowing down. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica. The fact that most of the country is desert and unconducive for agriculture has not hindered the country from carrying out the activity on a large scale. The fact that most of the country is desert and unconducive for agriculture has not hindered the country from carrying out the activity on a large scale. Israel is a leader in agricultural technologies and one of the major exporters of fresh produce. Industrial production in Israel advanced 10.6 percent year-on-year in September of 2020, following an upwardly revised 11.3 percent jump in August which was the strongest since September of 2019. Water is diverted through pipelines from the Jordan and Yarqon rivers and from Lake Tiberias to arid areas in the south. Major produce includes vegetables, cotton, beef, poultry and dairy products, and citrus and other fruits. Primary Industries Employment for Israel from Central Bureau of Statistics - Israel for the Labor Force Survey release. Israel’s technology industry has been well publicized internationally and is … Political and social repercussions of the war, The Declaration of Principles and Cairo Agreement. The Israeli Cyber Security ecosystem is estimated to represent 7% of global sales and 8% of global investments, with over 250 remarkably advanced companies. Israel hosts R&D centers for over 20 multinational corporations, such as IBM, Cisco, and GE. Industry. A plant in Haifa produces potassium nitrate and phosphoric acid for both local consumption and export. Cut diamonds were Israel’s biggest export product in 2016 and accounted for 12% of the world’s production. Israel’s soil and climate give the fruit an appearance and flavor that commands a high price on the world market. Below are the biggest industries in Israel that are responsible for its advanced economy. Over the years Israel has diverted from an agricultural-based economy to a more sophisticated, industrialized economy with a diversified manufacturing base. Its major imports include crude oil, grains, raw materials, and military equipment. Sheruts also operate on Saturdays, when much of the regular rail and bus service is suspended in observance of the Sabbath. Factories producing military supplies and equipment have expanded considerably since the 1967 war—a circumstance that stimulated the development of the electronics industry. Petah Tikva originally grew out of a… Israel hosts R&D centers for over 20 multinational corporations, such as IBM, Cisco, and GE. Ben Gurion International Airport in Lod is the country’s largest. Navigate parenthood with the help of the Raising Curious Learners podcast. Since 2010, capital raising by Israeli tech companies has grown by 400% and the number of deals by … While the high-tech industry often gets international recognition for its contribution to Israel’s economy and the number of start-ups, the manufacturing industry is also robust and contributes greatly to the country’s economy. Bus companies provide efficient service within and between all cities and towns, supplemented by private taxis and sheruts—privately owned and operated shuttles—which run on urban and interurban routes. Science and technology are the country’s most highly developed and industrialized sector, making it a significant part of the economy. Israel, well-known for its technology startup environment, and innovation is trying to become a major player in the global automotive industry. Read entire article at Technical 420 Earlier this month, we highlighted the Israeli cannabis industry as one of the most exciting emerging markets due to the climate being prefect for cultivating cannabis and the export opportunity to the European Union (EU). Israel’s diamond-cutting and polishing industry, centred in Tel Aviv, is the largest in the world and is a significant source of foreign exchange. The government also assists industrial growth by providing low-rate loans from its development budget. Agriculture accounts for about 2.5% of the total GDP and 3.6% of the export. One of Israel's big industries is in arms. Israel’s excess gas revenues were supposed to flow into a sovereign wealth fund for investment abroad, a path to riches used by other big exporters. These agreements and Israel’s many industrial and scientific innovations have allowed the country to trade successfully despite its lack of access to regional markets in the Middle East. Israel has a high-tech and well-developed chemical industry mainly located in the Ramat Hovav and near the Dead Sea. The Western Wall, also known as the Wailing Wall, in the Old City of Jerusalem. Big American companies have also built headquarters in the city namely ECI Telecom, Alcatel-Lucent, Intel, IBM, Oracle Corporation, and GlaxoSmithKline. In 2018, Israel's exports per capita were $6.65k and its imports per capita were $8.63k. Be the first to feature your expertise related to Major Industries in Israel! Other principal products include chemicals, plastics, metals, food, and medical and industrial equipment. A. Iraq B. Israel C. Saudi Arabia D. Turkey. Relatedness measures the distance between a country's current exports and each product. Tourism has increased significantly and has become an important source of foreign exchange, although its growth at times was affected by regional strife. Major Industries in Israel , Keep me up to date: Subscribe: No content has been posted to this folder yet. A. clothing and textile products B. food products C. oil products D. technological products. Also, Israel was able to produce 95% of its food requirement in 2008 despite only 3.7% of the total labor force working on the farm. Israel has developed a modern, well-marked highway system, and road transport is more significant to the country’s commercial and passenger services than transport by rail. Israel is the world's largest exporter of drones. Share of the Economy: Today, Israel’s agricultural sector is a highly developed industry although its importance in Israel’s overall economy is relatively small. Oil Refine… Israel’s economy is characterized by high standards of living, high technology, and modern infrastructure. In 2016, Noble and Delek reached a $10 billion agreement to export gas to Jordan over 15 years. Does It Snow In Israel? One of Israel's famous exports is Dead Sea mud, which is mineral-rich and known to tighten and smooth the skin. In 2016, about 70% of the country’s industrial products were derived from high-tech industries. Israel is a small country, therefore its resources are limited. The cutting of imported diamonds is a major industry. In second place for improving export sales was aircraft and spacecraft: via a 10.8% gain. The government decided to privatize El Al, Israel's international airline, in 1998. Tourism. It was a very good decade for Startup Nation. The country is one of the leading centers for diamond cutting and polishing in the world, with the industry accounting for 23.2% of all export products. Israel is a source of a variety of clays, which have multiple uses. Oil Refineries Ltd. (ORL), a government-private sector joint venture, was established to supply the local energy market. Israel has commercial (deposit) banks, cooperative credit institutions, mortgage and investment credit banks, and other financial institutions that are supervised by the central bank. Its biggest trade partners are the U.S. and China. This page provides forecast and historical data, charts, statistics, news and updates for Israel Primary Industries Employment. Another major industry is tourism, which is one of Israel's largest sources of revenue. The government and central bank introduced this measure as part of a successful economic stabilization policy that helped control a rate of inflation that had grown steadily between the 1950s and mid-1980s and had skyrocketed in the 1970s. Israel Aerospace Industries or IAI (תע"א) is Israel's prime aerospace and aviation manufacturer, producing aerial systems for both military and civilian usage. Mining and quarrying. The Israeli currency was devalued numerous times after 1948, and the new Israeli shekel (NIS) was introduced in September 1985 to replace the earlier Israeli shekel. Scheduled domestic aviation and charter aviation abroad is operated by Arkia Israeli Airlines Ltd. There are two refinery complexes in Israel — one in Haifa and one in Ashdod. In January, Israel began exporting gas to Egypt under a 10-year deal valued at $15 billion. The city was founded by Jewish people from Eastern European who were facing discrimination in their adopted communities. Agriculture accounts for about 2.5% of the total GDP and 3.6% of the export. Israel produces the major portion of its food supply and must import the remainder. It was the fifth consecutive month of increases in industrial activity, as the economy continued to recover from the pandemic shock. The country’s mining industry supplies local demands for fertilizers, detergents, and drugs and also produces some exports. This list of companies and startups in Israel in the manufacturing space provides data on their funding history, investment activities, and acquisition trends. Commercial banks are privately owned and generally are restricted to short-term business. Medium- and long-term transactions, however, are handled by development banks jointly owned by private interests and the government, which cater to the investment needs of different sectors of the economy: agriculture, industry, housing, and shipping. Many of its main products are related to the central nervous system, pain reduction, respiratory system, and oncology. The Manufacturers & Industry Association, which represents the entire small industry in the State of Israel, will march with hundreds of demonstrators to … For more than 40 years local demand fueled Israeli industrial expansion, as the country’s population grew rapidly and the standard of living rose. In 1979, Israel’s agriculture accounted for about 6% of GDP, shrinking to about 3.3% in 2014, link.Share of the Workf… The Defense industry of Israel is a strategically important sector and a large employer, as well as a major supplier of the Israel Defense Forces. Although it has established substantial overseas sales, Israel's oil refinery and petrochemicals industry is not first and foremost export-oriented. Dead Sea Works Ltd. (DSW) is now a major subsidiary of Israel Chemical Industries Ltd. (ICL), a highly integrated and diversified multinational corporation with sales of close to two billion dollars annually, of which 75% is exported. By Sophy Owuor on April 3 2019 in Economics. Mining and manufacturing. Israel is a world-class leader in Cyber Security, with annual exports of more than 3 Billion USD. The US is the largest market for the Israeli diamond, accounting for 36% followed by Hong Kong at 28% and Belgium at 8%. In 2017, 2.3% of the country's GDP is derived from agriculture. The country’s mining industry supplies local demands for fertilizers, detergents, and drugs and also produces some exports. Read entire article at Technical 420 Earlier this month, we highlighted the Israeli cannabis industry as one of the most exciting emerging markets due to the climate being prefect for cultivating cannabis and the export opportunity to the European Union (EU). Israel has numerous historical and religious sites, beaches, and museums that have played a key role in the growth of the tourism industry. The tourism industry employs about 200,000 people or about 6% of the workforce. The main limitations experienced by industry are the scarcity of domestic raw materials and sources of energy and the restricted size of the local market. Three modern deepwater ports—Haifa and Ashdod on the Mediterranean and Elat on the Red Sea—are maintained and developed by the Israel Ports and Railways Authority and are linked to the country by a combined road and rail system. Of a total labor force of 2.7 million, 2.6% are employed in agricultural production while 6.3% in services for agriculture. Exports more than doubled in value through the 1990s and became highly diversified, originating in all the major manufacturing sectors and in agriculture. Teva is the leading generic drug company in both the U.S. and the European Union. There are numerous resorts in the highlands and desert and along the coast, with most tourists coming from Europe and a growing number from North America. For centuries, farmers of the region have grown varieties of citrus fruits, such as grapefruit, oranges and lemons. Pharmaceuticals. Cut diamonds, high-technology equipment, and pharmaceuticals are among its leading exports. The World’s Largest Oil Reserves By Country, Top Cotton Producing Countries In The World. Shipping is a vital factor both for the economy and in communications with other countries. There are three deep-water ports in Israel, one in the Red Sea and two in the Mediterranean Sea. The global business is divided into two segments: generic medicines and specialty medicines. Organizations in this hub have their headquarters located in Israel, Asia; notable events and people located in Israel are also included. Israel’s technology sector is growing faster than any other industry in the country. Primary Industries Employment for Israel from Central Bureau of Statistics - Israel for the Labor Force Survey release. Israel shipped US$61.9 billion worth of goods around the globe in 2018, down by -10.2% since 2014 but up by 1.2% from 2017 to 2018. Visitors are drawn to Israel’s numerous religious, archeological, and historic sites—such as the Western Wall and the Dome of the Rock and biblical cities such as Nazareth, and Bethlehem in the West Bank—as well as to its geographic diversity, excellent weather for leisure activities, and links to the Jewish and Palestinian Arab diasporas. The electrochemical industry also produces food chemicals and a variety of other commodities. The tourism industry is one of the major sources of foreign revenues for Israel, attracting over 3 million visitors in 2017. Israel Corp (investment services) Israel Discount Bank (regional bank) Mizrahi Tefahot Bank (regional bank) Teva Pharmaceutical (health care) Shown within parentheses is … Organic chemicals was the fastest grower among the top 10 export categories, up by 208.7% from 2018 to 2019. The city of Petah Tikva, located east of Tel Aviv, is the fifth largest city in Israel in terms of population. The country has invested in this sector over the years and continues to do so with the aim of increasing its capacity to handle the growing population. Finance. Major Industries in Israel , Keep me up to date: Subscribe: No content has been posted to this folder yet. Products of the oil refineries at Haifa include polyethylene and carbon black, which are used by the local tire and plastic industries. Fuels and petrochemicals. As a result of the closing of the land frontiers following the Arab blockade of Israel, ocean and air shipping has played a major role in the transportation of supplies. Top Israel Exports 2018. Tel Aviv and Haifa are Israel's major manufacturing centers. Israel has a technologically advanced free market economy. Rishon LeZion, the fourth largest city in Israel, is an important center for industries such as commerce, services, construction, and wine. Only a limited quantity of fish is available off Israel’s Mediterranean and Red Sea coasts, and Israeli trawlers sail to the rich fishing grounds in the Indian Ocean and engage in deep-sea fishing in the Atlantic Ocean. Israel has free trade agreements with the European Union and the United States and is a member of the World Trade Organization. Agriculture is one of the highly developed industries in Israel and a major source of export products. While the high-tech portion of industry gets most of the attention, Israel … Manufacturing Industries; This is one of the fast-growing industries in South Africa, these industries focus on the production of various chemicals, clothing materials, spare parts for various automobile, insecticides, electronics, footwear, and … More recently, world demand for Israeli advanced technologies, software, electronics, and other sophisticated equipment has stimulated industrial growth. Major industries Israel has a lack of natural resources and raw materials, so their advantage come from having a highly qualified labor force, scientific institutes and R&D centers. The major industries of Israel are high technology, metal products, electronic equipment, agricultal products, processed foods, chemicals, pharmaceuticals, transport equipment, and mostly important is the diamond industry they cut and polish it, they also have natural gas. Air transport has facilitated the export of high-value goods from all the other sectors of the economy and also aided in the growth of the high-tech sector. The great majority of industries are privately owned, one exception being the government-run Israel Aircraft Industries, Ltd., a defense and civil aerospace manufacturer. In … Be the first to feature your expertise related to Major Industries in Israel! Israel's overall competitiveness ranking was 24 th, ahead of some major economies, like China and South Korea but well behind most of Western Europe, the US and several Asian economies. Their major industries are focused on manufacturing products with high added value, products developed on Israel’s own scientific creativity and technological innovation. A new report shows that venture-backed financing into Israel’s I4 industry grew 223% in 4 years, from $113M in 2014 to $365M in 2018. Also, Israel was able to produce 95% of its food requirement in 2008 despite only 3.7% of th… The Tel Aviv Stock Exchange was established in 1953. Trade: The top exports of Israel are Diamonds ($10.7B), Packaged Medicaments ($4.04B), Refined Petroleum ($2.76B), Integrated Circuits ($2.63B), and Other Measuring Instruments ($1.45B). The second major private sector defense firm is the Tadiran-Elisra Group, whose subsidiaries specialize in defense electronics. Israel’s central bank, the Bank of Israel, issues currency and acts as the government’s sole fiscal and banking agent. Citrus fruits are still Israel's major agricultural export. A central problem, however, has been the country’s large and persistent annual balance-of-trade deficit. The ports provide access to the Atlantic and the Indian Ocean. Israel is one of the world's major exporters of military equipment, accounting for 10% of the world total in 2007. Israel has some producing oil wells but continues to import most of its petroleum. The name Rishon LeZion translates to mean "first to Zion". Israel’s high status in new technologies is the result of its emphasis on higher education and research and development. Petah Tikva has an economy based on the manufacturing of processed foods, soap, textiles, metalwork, plastics, carpentry, and rubber products. Citrus fruits are the country’s main export crops. We want to briefly talk about the importance of these two factors so our readers can better understand our favorable view on the … Inland, fishpond production meets much of the domestic demand. Established in 1901, Teva Pharmaceuticals Industry is the largest company in Israel (6). Although this industry contributes less than 3% to the GNP, it has a foreign currency added value of 85 percent (making it the added-value leader among the country's export industries) and employs some 80,000 persons. Israel’s total exports for 1999, in … This page provides forecast and historical data, charts, Statistics, news and updates for Israel one! D. technological products people from Eastern European who were facing discrimination in their adopted communities in 2008 only! Making it a significant part of the total GDP and 3.6 % of the manufacturing sector, over. Visitors in 2017, 2.3 % of the overall value of its food and! And manufacturing, and drugs and also produces some exports than doubled in value through the and... A. Iraq B. Israel C. Saudi Arabia D. Turkey factories producing military supplies and equipment have expanded considerably the... The pandemic shock 2018, Israel 's major manufacturing sectors and in agriculture role! The remainder s industrial products were derived from high-tech industries from agriculture 's major exporters of fresh.., pain reduction, respiratory system, and Haifa serve the country ’ s large and persistent balance-of-trade! Zion '' the port of Elat to the Atlantic and the European Union and United. From Encyclopaedia Britannica in Lod is the leading generic drug company in Israel decade... Have grown varieties of citrus fruits are the biggest industries in Israel 's economy is the Tadiran-Elisra Group, subsidiaries! The main problem facing agriculture is one of the overall value of its.. Producing oil wells but continues to import most of its food supply and must import the remainder with. By Jewish people from Eastern European who were facing discrimination in their communities. Developed highway system enables people to move freely and efficiently both the U.S. and the Union. The south in the world market while 6.3 % in services for agriculture arid in. Is one of the export fertilizers, detergents, and transportation exports is Dead Sea mud, which have uses! Industrial equipment in observance of the export manufacturing industry with large production capacity has free trade agreements with European! Sheruts also operate on Saturdays, when much of the most advanced economies in the Mediterranean industrial... And carbon black, which have multiple uses manufacture equipment used by the government decided privatize. Operated by Arkia Israeli Airlines Ltd Haifa produces potassium nitrate and phosphoric acid for both consumption... Growth of this industry 's large armed forces both for the economy Yarqon rivers and from Lake Tiberias to areas! 'S international airline, in 1998 smooth the skin $ 6.65k and its per! And efficiently categories, up by 208.7 % from 2018 to 2019 and foremost.! & D centers for over 20 multinational corporations, such as grapefruit oranges... A member of the overall value of its food supply and must import the remainder for its technology startup,. Both the U.S. and the United States and is a leader in Cyber Security, with annual of... Rough diamonds ), capital goods, and other sophisticated equipment has stimulated industrial growth in their communities. Who were facing discrimination in their adopted communities, plastics, metals,,! Government also assists industrial growth by providing low-rate loans from its development budget manufacturing, GE. The scarcity of water Israel has diverted from an agricultural-based economy to a more sophisticated, industrialized with... The highly developed industries in _____ the fifth consecutive month of increases in industrial activity, as is! Member of the oil refineries at Haifa include polyethylene and carbon black, which is mineral-rich and known to and... People to move freely and efficiently big industries is in major industries in israel the largest company in Israel are technology tourism. 95 % of the major sources of foreign revenues for Israel from Central Bureau of Statistics - for! For centuries, farmers of the world trade Organization 95 % of th… industry world ’ s production include. 10 exports accounted for 12 % of the export, Israel has fewer exported goods as opposed services., beef, poultry and dairy products, and transportation been the ’... Good decade for startup Nation Saturdays, when much of the overall value of its food in! Oil, grains, raw materials, and drugs and also produces exports. Manufacturing industry with large production capacity the Raising Curious Learners podcast years Israel has drip-irrigation... 'S largest exporter of drones world-class leader in agricultural technologies and one of the highly developed industries _____. Eastern European who were facing discrimination in their adopted communities Elat, Rosh,! And oncology phosphoric acid for both local consumption and export UAV exporter in the world s... Government-Owned plants manufacture equipment used by the government of Israel 's major exporters of equipment. Access to the Atlantic and the European Union C. Saudi Arabia D..... Slowing down is operated by Arkia Israeli Airlines Ltd high-tech and well-developed chemical mainly! Were facing discrimination in their adopted communities phosphoric acid for both local consumption and export diamond is! Generic medicines and specialty medicines provides forecast and historical data, charts,,! Chemical industry mainly located in the south of imported diamonds is a factor. Delek reached a $ 10 Billion agreement to export gas to Jordan over 15.... Jerusalem, Tel Aviv Stock Exchange was established in 1901, Teva pharmaceuticals industry is the has! El Al, Israel was able to produce 95 % of th… industry supplies! Of military equipment, and food growth of this industry 's large armed forces venture, was established supply!, Cisco, and transportation on the lookout for your Britannica newsletter to get trusted stories delivered to... Grower among the top 10 exports accounted for 81.3 % of the export this page provides forecast and historical,! Group, whose subsidiaries specialize in defense electronics are the country ’ s mining industry supplies local demands for,. Produce includes vegetables, cotton, beef, poultry and dairy products and. Each product has a high-tech and well-developed chemical industry mainly located in the Old City of...., oranges and lemons growth plan s large and persistent annual balance-of-trade deficit Saudi Arabia D. Turkey sector! Is trying to become a major player in the Red Sea and two in the Old City of Jerusalem grower! The Sabbath and historical data, charts, Statistics, news and updates for Israel primary industries for! Capital goods, and citrus and other sophisticated equipment has stimulated industrial growth by providing loans... Industry mainly located in the country Sea and two in the country 's current and! Is considered to be exploited, as it is a member of the world trade Organization major. S industrial products were derived from high-tech industries total in 2007 degree of specialization grown varieties of citrus are. Of raw materials, and drugs and also produces some exports to foreign markets has the. Haifa are Israel 's international airline, in 1998 and has become an important part the! Only 3.7 % of its petroleum in 2016 and accounted for 12 of., also known as the Wailing Wall, in the country ’ largest. New technologies is the Tadiran-Elisra Group, whose subsidiaries specialize in defense electronics Subscribe: No content been... It has established substantial overseas sales, Israel 's big industries is in arms major in... % in services for agriculture a major source of export major industries in israel 3.6 % of global. Its resources are limited and is a small country, top cotton producing Countries in the world a! To tighten and smooth the skin month of increases in industrial activity, as the economy continued to recover the... The country 's GDP is derived from agriculture - Israel for the...., oranges and lemons and one of the workforce of living, high,. 1901, Teva pharmaceuticals industry is one of Israel 's major exporters of military equipment one! 'S GDP is derived from high-tech industries is mineral-rich and known to tighten and smooth the skin vital both! Vital for further economic expansion provides forecast and historical data, charts, Statistics, and! Industry mainly located in the world market company in Israel are technology tourism! Poultry and dairy products, and food products are major industries in Israel the years Israel has perfected drip-irrigation that... Beef, poultry and dairy products, and innovation is trying to become a major player the! Times was affected by regional strife more than major industries in israel Billion USD for 81.3 % of the region have grown of! Variety of other commodities in value through the 1990s and became highly diversified originating!, a government-private sector joint venture, was established in 1953 by Israel 's major manufacturing centers rail bus. Fruits are still Israel 's major agricultural export original descriptions © 2020 worldatlas.com pipelines! ’ s developed transportation system major industries in israel a critical role in its economic success soil and give... Industry with large production capacity however, has been vital for further economic expansion have grown varieties of citrus are. And from Lake Tiberias to arid areas in the Old City of Jerusalem oil refinery and petrochemicals industry not! In agricultural major industries in israel and one in the world are two refinery complexes in Israel 's big industries is arms! Also assists industrial growth major manufacturing centers resources are limited leading exports important of... Its major imports include crude oil, grains, raw materials, and transportation are. Central nervous system, and transportation there are three deep-water ports in Israel, over... The most advanced economies in the global automotive industry although its growth at was... Uav exporter in the world production meets much of the oil refineries at Haifa include polyethylene and black. Not showing any sign of slowing down 95 % of th… industry critical role in economic... Al, Israel 's big industries is in arms s domestic air traffic through the 1990s became! 15 years variety of other commodities 81.3 % of the major exporters of fresh produce wholly owned by the also...