Israel (ISR) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Israel-Turkey Trade: In 2022, Israel exported $2.33B to Turkey. The main products that Israel exported to Turkey were Refined Petroleum ($1.03B), Scrap Iron ($293M), and Propylene Polymers ($101M). Over the past 5 years the exports of Israel to Turkey have increased at an annualized rate of 8.37%, from $1.56B in 2017 to $2.33B in 2022.

In 2012, Israel exported services to Turkey worth $0, with being the largest in terms of value.

Turkey-Israel Trade: In 2022, Turkey exported $7B to Israel. The main products that Turkey exported to Israel were Raw Iron Bars ($757M), Cars ($353M), and Jewellery ($264M). Over the past 5 years the exports of Turkey to Israel have increased at an annualized rate of 14.5%, from $3.55B in 2017 to $7B in 2022.

In 2009, Turkey exported services to Israel worth $131M, with Travel ($128M) and Other business services ($3.1M) being the largest in terms of value.

Comparison: In 2022, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Israel exported $2.33B to Turkey. The main products exported from Israel to Turkey were Refined Petroleum ($1.03B), Scrap Iron ($293M), and Propylene Polymers ($101M). During the last 5 years the exports of Israel to Turkey have increased at an annualized rate of 8.37%, from $1.56B in 2017 to $2.33B in 2022.

In 2017, Turkey exported $7B to Israel. The main products exported from Turkey to Israel were Raw Iron Bars ($757M), Cars ($353M), and Jewellery ($264M). During the last 5 years the exports of Turkey to Israel have increased at an annualized rate of 14.5%, from $3.55B in 2022 to $7B in 2017.

Exports from Israel () to Turkey () (2022)

Exports from Turkey () to Israel () (2022)

Latest Data

Trade between Israel () and Turkey ()

Israel Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Turkey
Top DestinationGermany$21.9B

This map shows whether countries import more from Israel or Turkey. Each country is colored based on the difference in imports they receive from Israel and Turkey or the difference in the growth in imports.

In 2022, countries that imported more from Israel than Turkey included Palestine ($4.6B), United States ($20.3B), and Ireland ($3.86B).

In 2022, countries that imported more from Turkey than Israel included Germany ($21.9B), Iraq ($13.7B), and Italy ($12.6B).

Difference in imports from Turkey () and Israel () (2022)

Comparative Advantage Israel - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Israel and Turkey by product, considering products traded by both, Israel and Turkey.

During 2022, Israel had a large net trade with Turkey in the exports of Mineral Products ($1.08B), Metals ($382M), and Chemical Products ($318M).

During 2017, Turkey had a large net trade with Israel in the exports of Metals ($2.04B), Machines ($739M), and Textiles ($645M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Turkey+$15.2MMedical Instruments

Top Product Potential Turkey Israel+$59.5MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Israel and Turkey. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Israel.

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Historical Data

Bilateral Trade by Products

Exports from Israel () to Turkey () (2022)

Exports from Turkey () to Israel () (2022)

Latest Data

Trade between Israel () and Turkey ()

Israel Exports

Turkey Exports

Market Competitiveness

Difference in imports from Turkey () and Israel () (2022)

Comparative Advantage Israel - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Israel () and Turkey () (2022)

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