Why Israel?

Innovation Nation

Israel is a leading site of investment, far beyond what its small size and short history might suggest.

Ranked 1st in the world for innovative capacity and 1st in the world for entrepreneurship, Israel’s creative, skilled, and ambitious workforce is one of the most obvious reasons leading executives to. turn to Israel to do business.

In 2019 Israel imported $76.5 billion worth of merchandise from all over the world. The Israeli economy is significantly consumer-oriented, it’s an excellent opportunity for a business to appeal to a new target audience that thrives on innovative and best quality products.

Consumer Behaviour

Israelis are interested in purchasing quality items, even if that means paying a higher price, consumers are also quite interested in online shopping. According to the Israel Internet Association, 75% of Israelis (95% of total Internet users) shop online. According to a Nielsen survey for SIAL, 43% of consumers are ready to pay more for innovative products.

purchasing power

The GDP per capita (PPP) of Israel is keep on growing over the years, in 2019 ,according to world bank, it standts for USD 42,193 an increase from USD 40,261 the year before. According to data from the Central Bureau of Statistics, the average monthly salary in Israel in June 2019 was NIS 11,175, a 2.9% increase year-on-year.shopping.

Main International Economic Cooperation

Israel has signed free trade agreements with the European Union, the United States, the European Free Trade Association, Turkey, Mexico, Canada, Jordan, Egypt, and Mercosur. The rates of duties depend upon their classification according to the Harmonized System (HS) and their country of origin (some countries have concluded free-trade agreements with Israel).

Transportation of goods

Over 99% of Israel’s international trade is handled via its seaports. According to the latest data available, 52,203 million tons of goods transit through Israeli ports every year, with an average yearly growth rate of 4%.

Consumer Behaviour

Israelis are interested in purchasing quality items, even if that means paying a higher price. Israeli consumers are also quite interested in online shopping. According to the Israel Internet Association, 75% of Israelis (95% of total Internet users) shop online.

purchasing power

The GDP per capita (PPP) of Israel is USD 42,193 (World Bank, 2019), an increase from USD 40,261 the year before. According to data from the Central Bureau of Statistics, the average monthly salary in Israel in June 2019 was NIS 11,175, a 2.9% increase year-on-year. The average household net adjusted disposable income per capita in Israel is lower than the OECD average of USD 33,604 a year.

Transportation of goods

Over 99% of Israel’s international trade is handled via its seaports. According to the latest data available, 52,203 million tons of goods transit through Israeli ports every year, with an average yearly growth rate of 4%. Of these, 27,973 million tons passed from the port of Haifa, 24,086 from Ashdod, 2,825 from Shipyards’ port (the first and only privately owned port in Israel), and 2,107 from that of Eilat.

Main International Economic Cooperation

Israel has signed free trade agreements with the European Union, the United States, the European Free Trade Association, Turkey, Mexico, Canada, Jordan, Egypt, and Mercosur. A customs union has existed between Israel and the Palestinian territories since 1994.