In 2004 Israel ranked eighth in the world in exports per capita, an improvement from ninth spot in 2003, a study conducted by the BDI group showed.
In 2004, Israel’s average exports per capita totaled USD 5,426.5 in comparison to USD 4,600 in 2003.
Israel was the number one exporter of certain goods, including fertilizers (57 percent share of total world exports,) industrial lubricants (34 percent share,) and polished diamonds (26 percent).
Ahead of the U.S., behind Singapore
World exports in 2004 reached USD 6.6 trillion. The European Union, the U.S., China, Japan and Canada constituted 53 percent of the total world exports and 60 percent of total imports.
Israeli exports topped USD 37 billion in 2004, accounting for 0.6 percent of world exports and ranking Israel in the 26th place among the top world exporters.
Israel’s imports reached USD 43 billion, also amounting to 0.6 percent of the world’s total imports and placing Israel in 23rd spot among the world’s biggest importers.
Singapore and Hong Kong exceeded Israel in terms of exports per capita with USD 41,744.2 and 39,073.5 respectively. The other countries that ranked higher than the Jewish State were the UAE (USD 18,488.4), Norway (USD 17,826.1), Switzerland (USD 16,000), Canada (USD 10,094), and Taiwan (USD 7,947.4).