Turkey’s exports to Israel jumped more From a third to leave behind The best first quarter So far, the recent rapprochement also witnessed Monday countries They are working to mend a long-strained relationship.
Driven by the steel industry, sales to Israel jump 37.2% year-over-year From January to March to $1.8 billion, data collected from the Turkish Exporters Association (TIM) showed.
From that, the steel strip was responsible for About $470.8 million, according to the data.
March sales to Israel also Represents the highest monthly level ever, such as exports hit $711.12 million, 44.3% year-over-year more.
Israel was the ninth largest recipient of Turkish exports from January to March this year.
The steel industry was followed by chemicals and products with $200 million ready-made clothes and apparel with $155.9 million. Among the other products were ceramics, cement glass and soil products with $133.7 million and the auto industry with $132.3 million.
Steele was the leader in also practice with $156.9 million, followed by a reading-made with 80.24 million dollars Chemicals and chemical products with $78.24 million and cars with The data showed 67.17 million dollars.
Turkey and Israel announced a new era in Relations with Israeli President Isaac Herzog made Historical visit to Ankara earlier in March after a split of years.
Both sides described the visit as historic and well-known, and President Recep Tayyip Erdogan said it was a “turning point” in Turkish-Israeli relations.
the two countries Looking to put a decade of Diplomatic deadlocks, usually over Israeli-Palestinian issues behind With them.
Energy partnership can be key especially after the Russians invasion of Ukraine made Europe more Determined to find alternatives to its energy supply.
over the years of Tensions, Turkey and Israel maintained trade links. Their merchandise exchange was on the rise over The past five years, with turnover multiplication rate record $8.4 billion last yearaccording to official data, up From $6.2 billion in 2020.
Exports to Israel jumped more from 35% year-over-year to $6.4 billion last year, which is the highest level ever, according to the Turkish Statistical Institute (Turkstat). Imports jumped about 37% to $2.1 billion.
Israel is among countries Turkey records trade surplus with It was its ninth largest export market.
Erdogan said that both sides hope trade This will reach $10 billion year.
