Israel’s main export commodities include agricultural chemicals, cocoa
beans and products, copra, cut diamonds, electric appliances and parts, fruit,
gemstones, machinery, metal & metal products, nylon, rubber, synthetic
lubricants, textiles and knitwear as well as timber. Imports include iron
steel, machinery, military equipment, petroleum products, pharmaceuticals,
textiles and knitwear, timber, uncut diamonds, cotton and chemical products.
The Israeli exchange control is administered by the Bank of Israel, in
co-operation with government agencies and is carried out through authorised
banks and the foreign exchange to pay for authorised imports is granted
automatically by Israeli banks upon presentation of the relevant documents.A
licence will only be granted to a resident of Israel, a corporation registered
in Israel or a non-profit corporation registered in Israel. The Southern port
city of Filat is a free-trade zone and the free port zones are situated in the
Haifa, Eilat and Ashdod.
Israel is a contracting party of theHarmonised Commodity Description and
Coding System (HS).
