Key Market Indicators
Israeli exports of DC motors saw a significant decline in 2023, plummeting to approximately $37,000 from nearly $67,000 in 2022, marking a 45% drop year-over-year. This downturn continues a longer-term trend, with exports down by about 24% annually since 2002. In the global ranking for 2023, Israel was positioned at number 66, with Argentina surpassing it with identical exports of roughly $37,000. The top spots in the ranking were held by Germany, the United States, and France, respectively. On the import front, Israel’s DC motor imports are projected to grow steadily. By 2028, imports are expected to reach approximately $2.7 million, up from around $2.4 million in 2023, reflecting an annual growth rate of 1.5%. This follows a consistent increase in demand, which has risen by 2.6% annually since 2000.
