Economic and Commercial Relations with Palestine

Economic Outlook of Palestine (2015 – est.)

GDP (billion USD)

12,7

Inflation Rate (%)

1,4

Economic Growth (GDP %)

2,8

Unemployment Rate (%)

25,9

Population (million)

4,69

Export (million $)

1.443

Population growth (%)

2,9

Import (million)

5.986

GDP per capita (USD)

2.865

Resource: Turkish Consulate General in Jerusalem

Main trade partners: Jordan, Turkey, China, Germany, Saudi Arabia, Qatar

Main export products: Stone, cement, plastics, olives, fruit/vegetable, tobacco and manufactured tobacco substitutes

Main import products: Mineral fuels, plastics, cereals, iron/steel

Bilateral Trade Statistics :

YEAR

EXPORT

IMPORT

VOLUME

BALANCE

2010

40

1

41

39

2011

49

0

49

49

2012

63

0

63

63

2013

76

1

77

75

2014

91

3

94

88

2015

82

2

84

80

Resource: Turkish Ministry of Economy, TUIK (million USD)

Turkey’s exports to Palestine: Cereals; flour and cacao products; tobacco

Turkey’s imports from Palestine: Fruits; machinery and mechanic products; furniture; plastics and plastic products

Turkey has pledged 200 million USD of assistance at “the Cairo Conference on Palestine - Reconstructing Gaza”, which was held in Cairo on 12 October 2014, to cover the years 2014-2017. The relevant Turkish authorities continue to work uninterruptedly in order to fulfill Turkey’s commitments and meet the needs of Palestinians. In this context, Turkish International Cooperation and Coordination Agency (TIKA), Prime Ministry Disaster and Emergency Management Authority (AFAD) and Turkish Red Crescent undertake humanitarian activities along with projects in various fields, particularly health, technical assistance, safeguarding of cultural heritage, supply of water, construction of schools and scholarships for Palestinians.

On the other hand, in terms of Turkish private sector’s contributions to Palestine, impetus has been given to the works on the Jenin Organized Industry Zone, which is undertaken by the Union of Chambers and Commodity Exchanges of Turkey (TOBB).