Turkish flag 311 (R).
(photo credit: Osman Orsal / Reuters)
Notwithstanding political tensions between Israel and Turkey, Turkey rose to
Israel’s third-largest export market in the first quarter from ninth place in
the corresponding quarter of 2010, the Israel Export and International
Cooperation Institute reported Monday. Exports of goods (excluding
diamonds) to Turkey totaled $500 million in the first quarter, 73 percent more
than in the corresponding quarter. Exports to Turkey rose more than
exports to other countries. According to Export Institute figures, most
of the growth, $260m., was due to a 57% increase in exports of chemicals and
refined oil products.
The US is still Israel’s largest export market,
with exports to that country totaling $3 billion. China was the
fifth-largest export market and the largest export market in Asia. Exports to
China totaled $443m. in the first quarter, 12% more than in the corresponding
quarter. Exports to India fell 6% to $336m., putting it in eighth place,
mainly due to unusually heavy exports to it in the corresponding quarter.
Exports of avionics were affected by a single deal in 2010 and fell from $100m.
Israel’s top 10 export markets are, in order, the US, the
Netherlands, Turkey, Germany, China, Italy, the UK, India, France and Canada.