Whilst violence in this part of the world is not unusual, it seems like it is different this time, with Israel's Prime Minister, Benjamin Netanyahu, saying they are now "at war".
According to the OEC, the top exports of Israel are:
- Diamonds ($9.06B)
- Integrated Circuits ($5.09B)
- Refined Petroleum ($2.73B)
- Medical Instruments ($2.36B)
- Other Measuring Instruments ($2.32B)
And they export mostly to United States ($17B), China ($5.04B), Palestine ($4.16B), India ($2.82B), and Germany ($2.22B).
Furthermore, in 2021, Israel was the number 28 economy in the world in terms of GDP, the number 50 in total exports and the number 44 in total imports.
For comparrison, in 2021, Ukraine was the number 51 economy in the world in terms of GDP, the number 47 in total exports and the number 49 in total imports.
Obviously, Israel and Ukraine are very different countries, and the conflicts they are involved in are also very different, but we have seen how the war in Ukraine has impacted the stock market.
Do you expect to see a similar impact from the events going down in Israel / Gaza?
And before I get accused of being callous, I obviously wish we could live in a world without war and violence. But sadly, it's not a reality.
[link] [comments] https://www.reddit.com/r/stocks/comments/1729yhj/what_impact_if_any_will_a_war_between_israel_and/
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