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December 4, 2013 8:36 pm

Israeli Exports to Turkey Rise Significantly

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US Embassy in Istanbul, Turkey. Photo: Israeli exports have seen significant changes between January and September 2013, said a new report by the Israel Export and International Cooperation Institute. Chemical exports to Turkey saw a 66-percent rise in 2013, amounting to $1.8 billion, making Turkey Israel’s third-largest export market, according to the report.

The report, which was released Tuesday, said the dominant Israeli exports across the first three quarters of 2013 were pharmaceuticals, electronic components, and chemicals. The United States remained Israel’s top export market in Q1-Q3 of 2013, with exports—excluding diamonds—amounting to $7.7 billion.

Israeli exports to Asian markets dropped by 4 percent overall, and China is Israel’s fourth-largest export market, according to the report. Exports to the European Union, meanwhile, were up 4 percent overall, and exports to Spain rose 32 percent, making that Israel’s eighth-largest market.

“The changes in the ranking of Israel’s export markets were the result of the changes noted in the scope of activity by the market’s larger companies,” Shaul Katznelson of the Israel Export Institute said.

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