Israel-Middle East trade soars, spurred by Abraham Accords and energy
Long isolated economically from the rest of the Middle East, Israel has seen a rapid expansion of merchandise trade with a select group of countries in the region recently.
Al-Monitor Pro Members
David Rosenberg
Israeli reporter specializing in business, economics and politics
May 15, 2023
Long isolated economically from the Middle East, Israel has seen a rapid expansion of merchandise trade with a select group of countries in the region, led by the United Arab Emirates, Egypt and Turkey. Cross-border investment and tourism are also on the rise, especially with the UAE. Political tensions, mainly due to Israel’s Palestinian policy, may slow growth and block some deals, and they will likely prevent Israel from expanding its existing circle of regional trade partners, most importantly Saudi Arabia. Tourism growth is especially vulnerable to political developments. But the compelling economics of regional trade and investment, especially in high technology and energy, as well as the creation of long-term business partnerships, should ensure growth in the coming years.
