Efforts are underway to give new momentum to India-Israel relations. Recently, the Terms of Reference for a Free Trade Agreement (FTA) were signed between India and Israel, setting the framework for negotiations between the two countries. Union Commerce and Industry Minister Piyush Goyal announced this in an announcement. He talked about the unlimited potential and possibilities of economic engagement between the two countries. At the summit in Tel Aviv, Goyal said India offers a lot of opportunities for Israeli businesses. He made this statement in the presence of Israeli Economy Minister Nir Barkat. Let us know about the trade relations between India and Israel…
Trade between India and Israel
India and Israel currently trade around $6 billion every year. It is expected that this deal will increase trade between the two countries and strengthen business relations. Data show that there was significant trade between India and Israel in September 2025. This month, India exported goods worth $178 million to Israel and imported goods worth $121 million. Overall, India achieved positive trade of about $56.8 million. However, there has been a decline compared to September last year. Compared to September 2024, Indian exports declined by 5.19 percent, from $188 million to $178 million. Imports have also declined by about 20 percent.
India Export:
Israel has been a major buyer of precious stones, pearls, machinery, textiles, farming products, automotive diesel, electronics and engineering items from India. It is expected that this trade deal will give Indian traders greater access to the Israeli market, which can directly benefit domestic producers and farmers.