The question "How much does the UK give to Israel?" can be interpreted in different ways, specifically concerning direct financial aid or the broader economic interaction through trade. Based on the available information, direct financial aid figures are not provided. However, significant details regarding the trade relationship are available, reflecting substantial economic engagement.
Understanding UK-Israel Economic Engagement
When considering the UK's financial contributions to Israel, it is crucial to differentiate between direct government aid or grants and the commercial exchange that occurs through trade in goods and services.
Direct Financial Aid and Grants
Specific figures for direct financial aid or grants provided by the UK government to Israel are not detailed in the available information. The provided data focuses on the commercial and economic exchange between the two nations rather than unilateral financial transfers.
Bilateral Trade in Goods and Services
A key aspect of the economic ties between the UK and Israel is their robust bilateral trade. This involves the buying and selling of goods and services, which contributes significantly to both economies.
For the four quarters leading up to the end of Q2 2024, the total trade in goods and services between the UK and Israel amounted to £5.6 billion. This comprehensive figure includes both exports from the UK to Israel and imports from Israel to the UK.
It is noteworthy that this trade volume experienced a decrease of 15.6% during this period. This translates to a reduction of £1.0 billion in current prices when compared to the total trade recorded in the four quarters leading to the end of Q2 2023. This shift indicates a change in the scale of economic interactions between the two countries over the past year.
