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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Exporting to Israel
Israel Country Profile
Official Name (Local Language) Medinat Yisra’el
Capital Tel Aviv
Population 8,174,527
Currency Israeli New Shekel
GDP $311.7 billion
Languages Hebrew
Phone Dial In 972
Israel Imports Profile
Imports ($m USD) 69,116
Number of Import Products 4,222
Number of Import Partners 166
Israel Economic Statistics
Government Website | https://www.knesset.gov.il/ |
| Sovereign Ratings | https://countryeconomy.com/ratings/israel |
| Central Bank | Bank of Israel |
| Currency USD Exchange Rate | 3.871 |
| Unemployment Rate | 5% |
| Population below poverty line | 22% |
| Inflation Rate | -0.5% |
| Prime Lending Rate | 0.1% |
| GDP | $311.7 billion |
| GDP Pro Capita (PPP) | $34,800 |
| Currency Name | Israeli New Shekel |
| Currency Code | ILS |
| World Bank Classification | High Income |
| Competitive Industrial Performance | 24/138 |
| Corruption Perceptions Index | 32/180 |
| Ease of Doing Business | 49/190 |
| Enabling Trade Index | 30/136 |
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Export products constitute around 40% of Israel’s total Gross Domestic Product (GDP). Among all these products, cut diamonds, precious metals and stones comprise 31% while around 18% are high-technology equipment and mechanical machinery and appliances. Other major exports would also include pharmaceutical products and fertilizers. In addition to the European Union, Israel’s major exporting partners are the United States and Hong Kong which comprises 28% and 8% of the total exports, respectively.
However, a 3.1 percent decrease in exports have been reported each year, primarily due to the decline of the manufacturing and mining shipments by 4.4 percent and agriculture products that reduced by 28.7 percent. In average, exports in Israel are reported to reach $1,381. 27 million within the years 1959-2015. The Central Bureau of Statistics also presented that on March 2011, exports from Israel peaked at $5,848.30 million and dipped low at $10.80 million in July 1959. Israel exports primarily to the United States, China, Germany and Belgium-Luxembourg.
Exporting to Israel: What is trade finance?
Export products constitute around 40% of Israel’s total Gross Domestic Product (GDP). Among all these products, cut diamonds, precious metals and stones comprise 31% while around 18% are high-technology equipment and mechanical machinery and appliances. Other major exports would also include pharmaceutical products and fertilizers. In addition to the European Union, Israel’s major exporting partners are the United States and Hong Kong which comprises 28% and 8% of the total exports, respectively.
However, a 3.1 percent decrease in exports have been reported each year, primarily due to the decline of the manufacturing and mining shipments by 4.4 percent and agriculture products that reduced by 28.7 percent. In average, exports in Israel are reported to reach $1,381. 27 million within the years 1959-2015. The Central Bureau of Statistics also presented that on March 2011, exports from Israel peaked at $5,848.30 million and dipped low at $10.80 million in July 1959. Israel exports primarily to the United States, China, Germany and Belgium-Luxembourg.
Chart Showing GDP Growth Compared to rest of world
GDP Composition for Israel
Agriculture
2.1%
Citrus, vegetables, cotton; beef, poultry, dairy products
Industry
27.3%
High-technology products (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, pharmaceuticals,
Services
69%
Computer and information services Other business services Travel Transportation Construction services Royalties and license fees Communications services Insurance services Government services
Map
Top 5 Import Partners
| Country | Trade | % Partner Share |
| United States | 8,087 | 11.70 |
| China | 6,527 | 9.44 |
| Switzerland | 5,504 | 7.96 |
| Germany | 4,721 | 6.83 |
| United Kingdom | 4,307 | 6.23 |
Top 5 Import Products
| Export Product | Number |
| Petroleum oils and oils obtained from bituminou | 9.8% |
| Diamonds non-industrial unworked or simply sawn | 6.5% |
| Diamonds non-industrial nes excluding mounted o | 5.3% |
| Petroleum oils, etc, (excl. crude); preparation | 2.8% |
| Apparatus and equipment for photographic (incl | 2.7% |
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