Israel accounts for under 1% of Catalonia's trade

Israel’s war on Gaza could soon have an impact on the global economy.

On Wednesday, the European Commission proposed its toughest plan yet to pressure the Hebrew state to end the conflict in Gaza.

Among the measures announced by Ursula von der Leyen are tariffs of nearly 40% on Israeli exports.

If implemented, these tariffs could affect the entry of Israeli products into Catalonia.

However, Israel is not a major economic partner for Catalonia.

Overall trade between the two economies accounts for less than 1% of Catalonia’s total trade flows.

Purchases from Israel represent only 0.2% of all Catalan imports, while exports to Israel accounted for less than 0.4% of Catalonia’s total exports in June.

Despite the ongoing conflict, imports from the Hebrew state rose by more than 30% year-on-year, while exports fell by almost 30% over the past year.

Exports to Israel amounted to €39.1 million, and imports reached nearly €20 million, resulting in a total trade volume of €59.1 million and a positive trade balance of €19.2 million in favor of Catalonia.