ISRAEL(ישראל)

Overview of foreign trade of Israel

Area - Total 20,770 / 22,072 (

153rd) km2

8,019 / 8,522 sq mi

- Water (%) 2.12 (440 km2 / 170 mi2)

Population - 2014 estimate 8,238,300[1] (96th) - 2008 census 7,412,200[2] (99th) - Density 387.63/km2 (34th)

1,004.00/sq mi

GDP (PPP) 2014 estimate - Total $286.840 billion[3]

- Per capita $35,658[3] (25th)GDP (nominal) 2014 estimate - Total $305. 707 billion [3]

- Per capita $38,004[3] (25th)

Israel is a developed country and an OECD member, with the 43rd-largest economy in the world by nominal gross domestic product as of 2012.

The country has the highest standard of living in the Middle East and the fifth highest in Asia,and has the fourteenth highest life expectancy in the world.

In 1996, Turkey and Israel signed a free-trade agreement. In 1997, a double-taxation prevention treaty went into effect. A bilateral investment treaty was signed in 1998.

Israeli-Turkish trade rose 26% to $2 billion in first half of 2011 from $1.59 billion in the first half of 2010. According to the Israeli Chamber of Commerce, Israeli exports to Turkey rose 39% to $950 million, and imports from Turkey rose 16% to $1.05 billion.

TOP 5Importers Exporter

TOP 4: Exports of Israil

• Drugs 20.5%• refined petroleum 4.9%• Diamonds 4.9%• Phones 3.0%

TOP 5: Imports of Israil

• Crude oil 14%

• refined petroleum 5.2%

• Automobile 4.8%

• Coal briquettes 4.0%

• Diamonds 3.8%

Turkey is Israel's sixth-largest export destination. Chemicals and oil distillates are the primary exports.

Turkey purchases high-tech defense equipment from Israel, whereas Turkey supplies Israel with military boots and uniforms.

The chart of trade between Turkey and Israil

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

-15

-10

-5

0

5

10

15

20

ExportsImports