What does Turkey export to Israel?

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Turkey's Export to Israel: A Closer Look

Turkey and Israel have a longstanding trade relationship that has been beneficial for both countries. In recent years, Turkey has emerged as one of the major exporters to Israel, making significant contributions to Israel's economy. By capitalizing on their respective strengths, Turkey and Israel continue to foster a prosperous trade partnership that benefits both economies. The future looks promising for further expansion and diversification of trade between these two nations. This article aims to explore what Turkey exports to Israel, utilizing the latest turkey export data and the Turkey shipment data.

Turkey's Export Data and Exports to Israel

Turkey has diversified its export portfolio to cater to various industries in Israel. Turkey exported $6.31 billion to Israel in 2021. According to the Turkey export data, Turkey's top exports to Israel were cars ($271 million), jewelry ($228 million), and raw iron bars ($780 million). Turkey's exports to Israel have grown over the past 26 years at a yearly rate of 12.6%, from $288M in 1995 to $6.31B in 2021. The following are the key sectors where Turkey has excelled in terms of exports:

1. Clothing and Textiles

Turkey is renowned for its vibrant and high-quality textile industry. Turkish textile products, such as clothing, fabrics, and home textiles, have gained immense popularity in Israel. These products are not only affordable but also meet the Israeli market's demands for style and durability.

2. Agricultural Products

Turkey boasts a rich agricultural sector, providing a wide range of fresh produce to Israel. Fruits, vegetables, and nuts are among the top exports in this category. Israel imports these products to cater to the demands of its domestic market, as well as for further processing and re-exporting.

3. Machinery and Equipment

Turkish machinery and equipment have garnered attention in the Israeli market due to their competitive pricing and quality. Turkey exports a variety of machinery, including construction equipment, industrial machinery, and agricultural machinery.

4. Automotive Parts

The automotive sector in Turkey has experienced remarkable growth in recent years. As a result, the export of automotive parts to Israel has substantially increased. Turkish companies supply various auto parts, such as engines, tires, and electrical components, to fulfill the needs of Israel's automobile industry.

5. Chemical Products

Turkey's chemical industry has witnessed significant advancements, making its chemical products highly sought after by Israel. These products include plastics, rubber, paints, and fertilizers.

Turkey Shipment Data

Analyzing shipment data provides valuable insights into the volume and frequency of Turkey's exports to Israel. Here are some key findings from the latest Turkey shipment data:

·         Volume of Exports: Turkey has consistently increased its export volume to Israel over the years. The shipment data reveals a substantial growth rate, indicating the strengthening of trade relations between the two countries.

·         Top Export Products: The data highlights the dominance of textile and clothing exports, followed closely by agricultural products and machinery. These sectors collectively account for a significant portion of Turkey's total exports to Israel.

·         Seasonal Variations: Shipment data suggests that the export patterns are subject to seasonal variations. For instance, agricultural products may experience higher exports during specific harvest seasons, while textile products showcase stable export volumes throughout the year.

·         Trading Routes: Turkey utilizes various trading routes to transport its exports to Israel, including both land and sea transportation. This allows for efficient and timely delivery, facilitating uninterrupted trade between the two nations.

Benefits of Turkey-Israel Export and Trade Relations

The trade relations between Turkey and Israel have proven to be beneficial for both countries in various ways:

·         Economic Growth: Trade between Turkey and Israel stimulates economic growth in both countries, contributing to their respective GDPs. The continuous expansion of trade volumes demonstrates the potential for further economic collaboration, leading to increased employment opportunities and investment potential.

·         Diversification of Markets: The trade relationship helps both countries diversify their markets. Turkish exporters can penetrate the Israeli market, reducing their reliance on traditional trading partners. Similarly, Israel can access a wider range of products and services from Turkey, reducing its dependency on specific regions.

·         Technological Exchange: Collaboration in trade fosters technological exchange and mutual learning between Turkey and Israel. This exchange includes knowledge sharing, research and development collaborations, and the transfer of technology-driven solutions, benefiting both countries' industries and contributing to their innovative capacities.

·         Cultural Exchange: Trade relations facilitate cultural exchange between Turkey and Israel, enabling people from both countries to experience each other's traditions, cuisines, and lifestyles. This cultural interaction fosters understanding, tolerance, and friendship between the Turkish and Israeli populations.

Conclusion

Turkey's export to Israel spans diverse sectors, including clothing and textiles, agricultural products, machinery and equipment, automotive parts, and chemical products. The latest export and shipment data emphasize the significant role that Turkey plays in supporting Israel's economy. This thriving trade relationship not only benefits both nations economically but also Strengthens their bilateral ties. As Turkey continues to excel in various industries, it is expected to further expand its export portfolio to cater to the evolving needs of the Israeli market.

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Created on Sep 25th 2023 05:02. Viewed 275 times.

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