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The Republican plan, approved by the United States House of Representatives, [[United States support for Israel in the 2023 Israel–Hamas war|allocates $14.5 billion in military aid for Israel]]. Also, Israel has received the highest amount of military assistance from the US compared to any other nation since World War II, with aid exceeding $124 billion.<ref>[https://www.aljazeera.com/news/2023/11/3/us-house-passes-14-5bn-military-aid-package-for-israel US House passes $14.5bn military aid package for Israel] aljazeera.com Retrieved 4 November 2023</ref>
=== Economic relations ===
The United States has provided extensive economic aid to Israel since its founding, which amounted to over $30 billion until 2021.<ref>[https://sgp.fas.org/crs/mideast/RL33222.pdf U.S. Foreign Aid to Israel]</ref> Bilateral trade volume amounted to over $20 billion in 2020 and the USA is Israel's most important trading partner. There are several regional American-Israeli chambers of commerce that make it easier for Israeli and American companies to expand into each other's markets. There is [[U.S.-Israel Joint Economic Development Group]], founded in 1985. In the same year, the [[Israel–United States Free Trade Agreement]] was signed. American companies such as [[IBM]], [[Microsoft]] and [[Intel]] have established large [[research and development]] centers in Israel. Israel has more [[Nasdaq|NASDAQ]]-listed companies than any other country except [[China]], and U.S. venture capitalists are significant investors in the [[Start-up Nation|start-up nation]] Israel. More than 2500 US companies in Israel are employing 72,000 people in the country.<ref>{{Cite web |title=Fact Sheet U.S. – Israel Economic Relationship |url=https://il.usembassy.gov/our-relationship/policy-history/fact-sheet-u-s-israel-economic-relationship/ |access-date=2024-07-13 |website=U.S. Embassy in Israel |language=en-US}}</ref>
{| class="wikitable"
|+US-israel goods trade in millions of U.S. dollars (1990−2023)<ref>{{Cite web |last=US Census Bureau |first= |title=Trade in Goods with Israel |url=https://www.census.gov/foreign-trade/balance/c5081.html |access-date=2024-07-13 |website=www.census.gov |language=EN-US}}</ref>
!
!1985
!1986
!1987
!1988
!1989
!1990
!1991
!1992
!1993
!1994
!1995
!1996
!1997
!1998
!1999
!2000
!2001
!2002
!2003
!2004
!2005
|-
|US exports to Israel
|2.6
|2.2
|3.1
|3.2
|1.1
|3.2
|3.9
|4.1
|4.4
|5.0
|5.6
|6.0
|6.0
|7.0
|7.7
|7.7
|7.5
|7.0
|6.9
|9.2
|9.7
|-
|US imports from Israel
|2.1
|2.4
|2.6
|3.0
|1.7
|3.3
|3.5
|3.8
|4.4
|5.2
|5.7
|6.4
|7.3
|8.6
|9.8
|13.0
|12.0
|12.4
|12.8
|14.6
|16.8
|-
|Trade balance
|0.5
|−0.2
|0.5
|0.2
|−0.6
|−0.1
|0.4
|0.3
|0.0
|−0.2
|−0.1
|−0.4
|−1.3
|−1.6
|−2.2
|−2.2
|−4.5
|−5.4
|−5.9
|−5.4
|−7.1
|-
|
|'''2006'''
|'''2007'''
|'''2008'''
|'''2009'''
|'''2010'''
|'''2011'''
|'''2012'''
|'''2013'''
|'''2014'''
|'''2015'''
|'''2016'''
|'''2017'''
|'''2018'''
|'''2019'''
|'''2020'''
|'''2021'''
|'''2022'''
|'''2023'''
|
|
|
|-
|US exports to Israel
|11.0
|12.9
|14.5
|9.6
|11.3
|14.0
|14.3
|13.7
|15.1
|13.6
|13.2
|12.5
|13.7
|16.3
|11.2
|12.9
|14.2
|14.0
|
|
|
|-
|US imports from Israel
|19.2
|20.8
|22.3
|18.7
|21.0
|23.0
|22.1
|22.8
|23.0
|24.5
|22.2
|21.0
|21.8
|19.5
|15.3
|18.7
|21.4
|20.8
|
|
|
|-
|Trade balance
|−8.2
|−7.9
|−7.8
|−9.2
|−9.7
|−9.1
|−7.9
|−9.0
|−7.9
|−11.0
|−9.0
|−9.4
|−8.1
|−3.1
|−4.0
|−5.8
|−7.2
|−6.8
|
|
|
|}
=== Settlements ===
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