The ongoing conflict in the Middle East following the reported joint military action by the United States and Israel against Iran is expected to significantly impact India's gems and jewellery sector, particularly exports and imports to Israel and Dubai, industry stakeholders said.
The Israel Tax Authority reported that the total value of all imports in November 2025 amounted to USD 8.2 billion, an increase of 1.3 per cent compared to the value of imports in November 2024.
The Israel Tax Authority reported that the total value of all imports in 2024 amounted to USD 89.5 billion, an increase of only 1 per cent compared to 2023. In December 2024, it amounted to USD 9.3 billion, an increase of 29.5 per cent compared to the value of imports in December 2023. The i
Both imports and exports decreased from 2022, which is understandable given the disruption of commerce in Israel caused by the war in Gaza that began with the attack on October 7, 2023.
The first part of a new law regarding the application of European standards of regulation for products imported into Israel was approved by the Knesset with the support of both the coalition and the opposition.