Economic and Commercial Relations with Israel

Economic Outlook of Israel (2015):

GDP (billion USD)

305,2

Inflation rate (%)

0,7

Economic growth (GDP %)

2,5

Unemployment rate (%)

5,3

Population (million)

8,4

Export (fob-billion USD)

63,9

Population growth

1,9

Import (cif-billion USD)

62,7

GDP per capita (USD)

34,490

Resource: The Embassy of Turkey in Tel Aviv


Main trade partners:
USA, UK, China, Belgium, Germany

Main export products: Pearls, precious stones, metals, electrical, electronic equipment

Main import products: Electrical, electronic equipment, mineral fuels, oils, pearls, precious stones, metals

Bilateral Trade Statistics:

YEAR

EXPORT

IMPORT

VOLUME

BALANCE

2010

2080

1360

3440

720

2011

2391

2057

4448

334

2012

2330

1710

4040

619

2013

2650

2418

5068

232

2014

2750

2680

5359

63

2015

2698

1672

4370

1026

Resource: Ministry of Economy , TUIK (million USD)


Turkey’s exports to Israel:
Vehicles other than railway or tramway rolling-stock, parts thereof; iron and steel; electrical machinery and equipment; plastic and articles thereof

Turkey’s imports from Israel: Mineral fuels and product of their distillation, plastic and articles thereof, boilers, machineries and mechanical appliances, parts thereof

Numbers of Israeli visitors: 8.046 (2014), 13.672 (2015)


Bilateral Cooperation Mechanisms

Joint Economic Commission: The 4th meeting of Turkey- Israel Joint Economic Commission was held on 24 November 2009 in Ankara under the co-presidency of H.E. Vecdi Gönül, the former Minister of Defense of Turkey and the former Israeli Minister of Industry, Trade and Labor Ben Eliezer.