International

business -Tanmay singh

Israel

Local Currency: -Israeli New Sequel. (ILS)

Exchange Rate Regime: - Floating exchange regime.
No exchange control in Israel. Capital and profits can be freely allow under
reserve of obtaining an authorization from the Bank of Israel.
Level of Currency Instability
Reducing exchange risks.
Exchange Rate on March 16, 2021:
1 ILS = 0.3006 USD, 1 USD = 3.3267 ILS
1 ILS = 0.2515 EUR, 1 EUR = 3.9766 ILS
Globalization

• Globalization refers to the shift towards a more integrated and

interdependent world economy.
• Globalization involves the integration of technology, markets, politics,
culture, labor, production, and commerce.
• Globalization is both the process and the result of this integration.
• Movement of goods, money, knowledge, people, and ideas across
national boundaries.
Israel Globalization
• THE HYPER INFLATION CRISIS
• HEADING OFF EXTERNAL DEPRESSION PRESSURE
• ISRAEL’S IMMIGRATION STORY
• RISING INCOME INEQUALITY
• COST OF OCCUPATION
• ISRAEL’S HIGH-TECH STORY
Israel Trade Policy

• The Israeli foreign trade represents 56.8% of the country's GDP (World
Bank, 2019) and exports, the backbone of the country's growth, represents
about one-quarter of the country's GDP. 
• The main goods imported by Israel include hydrocarbons, motor vehicles,
diamonds, raw materials and semi-finished products and electrical apparatus.
• The main national exports include diamonds, heterocyclic compounds,
medicines, chemical products and mainly high-tech products (computer
equipment, electronic components, aeronautics, electronic communication
equipment, verification products and pharmaceutical products).
 Israel: Foreign Trade Values, Indicators &
Forecast
Foreign Foreign
Trade
Trade 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 20 20 20 20
Values
Indicator Foreign Trade 20
s 21 22 23 24
Import 64,813 68,835 71,908 76,598 76,591 Foreign 59.4 57.8 56.2 58.5 n/a Forecasts 20
s of Trade (in (e) (e) (e) (e)
% of
Goods ( GDP)
million Trade -3,390 -8,323 -11,350 -18,260 -16,872
Volume of - 4. 4. 3. 3.
USD) Balance ( exports of goods 4. 3 2 7 0
million
Export 63,673 60,160 61,150 61,952 58,507 USD) and services 5
s of
Goods (
Trade 9,065 4,993 4,022 1,490 7,149 (Annual %
Balance
million (Includin change)
USD) g
Service) (
Import 22,120 23,782 28,579 29,948 30,857 million
s of USD) Volume of - 6. 5. 4. 4.
Service Imports
of Goods
-0.1 10.0 4.9 6.4 n/a imports of 8. 3 3 6 0
s (millio goods and 1
and
n USD) Services (
Export 34,452 38,899 44,687 50,038 55,33 Annual % services
s of Change) (Annual %
Exports -2.9 0.9 4.1 5.6 n/a
Service of Goods change)
s (millio and
n USD) Services (
Annual %
Israel Partner Countries
Main Main
Customers 2019 Suppliers 2019
(% of Exports) (% of Imports)
United States 27.3% United States 16.7%
United 8.5% China 13.4%
Kingdom Germany 6.3%
China 7.6% Turkey 5.2%
Hong Kong 5.2% Italy 3.9%
Netherlands 3.7% Russia 2.9%
India 3.4% Belgium 2.8%
Turkey 3.0% Japan 2.8%
Germany 2.9% India 2.6%
Belgium 2.8% United 2.6%
France 2.6% Kingdom
Main Products
58.5 bn USD of products exported in 2019 76.6 bn USD of products imported in 2019
Diamonds, whether or not 19.3% Petroleum oils and oils 7.8%
worked, but not mounted... obtained from bituminous...

Heterocyclic compounds with 5.8% Motor cars and other motor 6.6%
nitrogen hetero-atom[s... vehicles principally...
Diamonds, whether or not 6.1%
Medicaments consisting of mixed 3.9% worked, but not mounted...
or unmixed...
Parts of aircraft and spacecraft of 3.7% Petroleum oils and oils 3.0%
heading 8801... obtained from bituminous...

Electronic integrated circuits and 3.6% Electrical apparatus for line 2.8%
micro assemblies telephony or line...
Medicaments consisting of 2.2%
Prepared binders for foundry 3.5% mixed or unmixed...
moulds or cores;... Automatic data processing 2.0%
Instruments and appliances used 3.1% machines and units...
in medical,... Powered aircraft e.g. 2.0%
helicopters and airplanes;...
Electrical apparatus for line 3.0%
telephony or line... Turbo-jets, turbo-propellers 1.8%
Electrical machines and 2.4% and other gas...
apparatus, having... Light-vessels, fire-floats, 1.5%
Insecticides, rodenticides, 2.1% dredgers, floating...
fungicides, herbicides...
Israel Relation s with Bharat
• India–Israel relations), or also called Indian-Israeli relations or Indo-Israeli relations, refers to the bilateral
relations between India and Israel. The two countries have an extensive economic, military, and strategic relationship.
• Israel is represented through an embassy in New Delhi, and one consulate each in Mumbai and Bengaluru. India is
represented through its embassy in Tel Aviv.
• India is the largest buyer of Israeli military equipment and Israel is the second-largest defence supplier to India
after Russia. From 1999 to 2009, the military business between the two nations was worth around $9 billion. Military and
strategic ties between the two nations extend to intelligence sharing on terrorist groups and joint military training.
• As of 2014, India is the third-largest Asian trade partner of Israel, and tenth-largest trade partner overall. In 2014,
bilateral trade, excluding military sales, stood at US$4.52 billion. Relations further expanded during Prime
Minister Narendra Modi's administration, with India abstaining from voting against Israel in the United Nations in
several resolutions. As of 2015, the two nations are negotiating an extensive bilateral free trade agreement, focusing on
areas such as information technology, biotechnology, and agriculture.
• According to an international poll conducted in 2009, 58% of Indians expressed sympathy with Israel, compared with
56% of Americans.