exports:

82,910 bbl/day (2005)

Oil - imports:

334,300 bbl/day (2005)

Oil - proved reserves:

1.94 million bbl (1 January 2008 est.)

Natural gas - production:

970 million cu m (2006 est.)

Natural gas - consumption:

970 million cu m (2006 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

30.44 billion cu m (1 January 2008 est.)

Current account balance:

$5.197 billion (2007 est.)

Exports:

$50.37 billion f.o.b. (2007 est.)

Exports - commodities:

machinery and equipment, software, cut diamonds, agricultural
products, chemicals, textiles and apparel

Exports - partners:

US 35%, Belgium 7.5%, Hong Kong 5.8% (2007)

Imports:

$55.79 billion f.o.b. (2007 est.)

Imports - commodities:

raw materials, military equipment, investment goods, rough diamonds,
fuels, grain, consumer goods

Imports - partners:

US 13.9%, Belgium 7.9%, Germany 6.2%, China 6.1%, Switzerland 5.1%,
UK 4.7%, Italy 4.1% (2007)

Economic aid - recipient:

$240 million from US (FY06)

Reserves of foreign exchange and gold:

$28.52 billion (31 December 2007 est.)

Debt - external:

$89.95 billion (31 December 2007)

Stock of direct foreign investment - at home:

$57.97 billion (2007 est.)

Stock of direct foreign investment - abroad:

$41.96 billion (2007 est.)

Market value of publicly traded shares:

$173.3 billion (2006)

Currency (code):

new Israeli shekel (ILS); note - NIS is the currency abbreviation;
ILS is the International Organization for Standardization (ISO) code
for the NIS

Currency code:

ILS

Exchange rates:

new Israeli shekels (ILS) per US dollar - 4.14 (2007), 4.4565
(2006), 4.4877 (2005), 4.482 (2004), 4.5541 (2003)

Communications
Israel

Telephones - main lines in use:

3.005 million (2006)

Telephones - mobile cellular:

8.902 million (2007)

Telephone system:

general assessment: most highly developed system in the Middle East
although not the largest
domestic: good system of coaxial cable and microwave radio relay;
all systems are digital; four privately-owned mobile-cellular
service providers with countrywide coverage; mobile-cellular
teledensity is 140 per 100 persons
international: country code - 972; submarine cables provide links to
Europe, Cyprus, and parts of the Middle East; satellite earth
stations