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Israel

EDC Position-open all programs

EDC's Position

  • Targeted approach to business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Israel
Map of Israel

Country Facts

Nominal GDP295.95 Billion USD
Population8.38 Million
Total Trade/GDP221.98%
CurrencyIsraeli New Shekel (ILS)
Merchandise Imports from Canada342.22 Million CAD
Main importsDiamonds, Fuels, Machinery & Equipment, Chemicals

EDC in Israel

Canadian companies assisted188
International buyers insured204
Business volume78.91 Million CAD

Business Environment

Israel is a wealthy country with a technologically advanced market economy with a highly skilled workforce. With improvements in the Canada - Isreal free trade agreement (CIFTA) in 2014, creating opportunities and eliminating and reducing tariffs on agricultural and fisheries products furthering trade ties with Canada. Israel's major industries produce high-technology products, metal products, electronic and biomedical equipment, chemicals, processed foods and other agricultural products. Israel is one of the world's hubs for diamond cutting and polishing. Top imports include mineral fuels and oil, precious metals and stones, electric machinery and equipment, machinery and mechanical appliances, and automobiles and trucks. Canada has an established trade and investment relationship with Israel with high potential for business opportunities across a wide range of sectors.

Key Industries

  • Aerospace
  • Biotechnology
  • Consumer Goods
  • Environmental Infrastructure & Waste Water
  • Knowledge Based Industries
  • Medical Technology & Devices
  • Oil and Gas
  • Telecom

How we can support your business

Through our representation in Istanbul, Turkey, we provide regional support to Canadian companies planning on or currently doing business in Israel. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

EDC Representative

Related Information

Country Risk Quarterly

Country Risk Quarterly

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