Israel is an industrial-based economy established under advanced science and technologies.
Israel is an industrial-based economy established under advanced science and technologies. Meanwhile, it’s also an export-driven one as its raw materials and energy needed in the industry and product sales rely heavily on international market. Therefore, since its foundation, Israel has paid high importance to supporting foreign trade and it also plays a decisive role in its national economy. Its export of high-tech products together with their service trade is highly competitive in fields such as computer, electronics, communication, medicine and agriculture and has become the main source of income and economic growth in Israel.