Israel is a developed industrial-agrarian country with a relatively high standard
of living and disposable income of the population, and one of the largest markets
in the Middle East. Israel's GDP is growing at a faster rate than developed
countries and the countries of the Middle East.
The country is a net food importer. The shortage of domestic supply is covered
by the import of large volumes of grain and products of the food
and processing industry.
In the Global Innovation Index, Israel ranks 16th in the world
and first in the region. Israel is in the top three world leaders in the use of
new technologies in agriculture.
In 2023, Israel ranks 34th in the world and 2nd in the region in the
Economic Freedoms Index.
Key indicators (as of 2022):
9.5 million people - size of Israel's population;
$520 billion - GDP at current prices;
6.3% - GDP growth;
$ 324.7 million - the volume of exports of Russian agricultural products (for 2021)
At the moment, negotiations are underway to conclude a free trade zone with the
countries of the EAEU, which will affect the improvement of the terms of trade
not only with Israel, but also with the countries of the union.
In 2022, a plan was approved to implement the largest agricultural reform
in 30 years. Its goal was to reduce food prices, expand the range of products,
on the one hand, and increase support for farmers, on the other.
The potential for the supply of agricultural products from Russia to Israel by 2030
is estimated at $380 million. Among Russian agricultural products,
cereals (wheat, corn, barley), vegetable oils (sunflower oil, rapeseed oil),
confectionery, and cattle meat have the greatest supply potential.