Türkiye and Israel
The Gaza war and Turkish trade suspension dominate a relationship with economic precedents. The announced measures affect specific exchanges. Trade recorded before suspension is not presented as a sign of current openness or diplomatic normalization.
Analysis reviewed: 2026-10-07 · Indicators updated: 2026-10-07The trade suspension announced by Türkiye
The Ministry of Trade reaffirmed in 2026 that the May 2, 2024 decision suspended exports, imports, free trade zones and transit toward Israel in all product groups.
Turkish follow-up in 2026
The trade communication confirms the official position on continued suspension on its date.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 2,117.64 M USD | 2024 · UN Comtrade / TUR |
| Goods: Türkiye to Israel | 1,521.54 M USD | 2024 · UN Comtrade / TUR |
| Goods: Israel to Türkiye | 596.1 M USD | 2024 · UN Comtrade / TUR |
| Services trade | ||
| Export share: Türkiye to Israel | 0.58 % | 2024 · UN Comtrade / TUR |
| Export share: Israel to Türkiye | ||
| Investment stock: Türkiye in Israel | ||
| Investment stock: Israel in Türkiye |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2024 · UN Comtrade / TUR · Goods; full year; reporter TUR. Exports normally FOB and imports CIF according to the reporter's coverage. Mirror reports are not added together.
- Goods: Türkiye to Israel
- 2024 · UN Comtrade / TUR · Goods; full year; reporter TUR. Exports normally FOB and imports CIF according to the reporter's coverage. Mirror reports are not added together.
- Goods: Israel to Türkiye
- 2024 · UN Comtrade / TUR · Goods; full year; reporter TUR. Exports normally FOB and imports CIF according to the reporter's coverage. Mirror reports are not added together.
- Export share: Türkiye to Israel
- 2024 · UN Comtrade / TUR · Goods share: TUR exports to the partner / exports by the same reporter to the world, same year.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
Some annual indicators refer to different years. Check the period beside each value before comparing them.
Year-on-year inflation: different periods or frequencies; the two figures are not directly comparable.
| Indicator | Türkiye | Israel |
|---|---|---|
| Nominal GDP | 1.6 trillion USD2025 · WB | 610.78 billion USD2025 · WB |
| GDP per capita | 18,599.44 USD2025 · WB | 60,336.85 USD2025 · WB |
| GDP growth | 3.6 %2025 · WB | 2.93 %2025 · WB |
| Policy interest rate | 37 %2026-09-10 · TCMB | 3.25 %2026-09-01 · BoI |
| Inflation · annual average | 34.88 %Annual average · 2025 · WB | 3.04 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 29.73 %Headline CPI · 2026-09 · year-on-year · TCMB / TURKSTAT | 1.5 %Year-on-year · Aug. 2026 · CBS Israel |
| Unemployment | 8.52 %ILO est.2025 · WB | 3.49 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -2.8 %IMF est.2025 · IMF | -5.2 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 23.5 %IMF est.2025 · IMF | 68.5 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -0.77 %2024 · WB | 1.4 %2025 · WB |
| Population | 85,878,5562025 · WB | 10,122,8002025 · WB |
| Area | 785,350 km²2023 · WB | 22,070 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDTürkiye: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Israel: 2025 · World Bank
- GDP per capita
- Current USD per personTürkiye: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Israel: 2025 · World Bank
- GDP growth
- Annual real change (%)Türkiye: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Israel: 2025 · World Bank
- Policy interest rate
- Central bank instrument (%)Türkiye: 2026-09-10 · One-week repo auction rate · TCMB · Official central-bank decision; not a commercial lending rate or a bill yield.Israel: 2026-09-01 · Bank of Israel official interest rate · Bank of Israel · Published: 2026-09-01 · Monetary Committee decision of 1 September 2026; next decision announced for 21 October.
- Inflation · annual average
- Average annual change in headline CPI (%)Türkiye: 2025 · Annual average change in the CPI (%) · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Israel: 2025 · Annual average change in CPI (%) · World Bank
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedTürkiye: 2026-09 · National headline CPI, change from the same month of the previous year · TCMB / TURKSTAT · Official monthly data. Not mixed with the annual average. · Alternative official source; verified 2026-10-07Israel: 2026-08 · Change in headline CPI against the same month of the previous year (%) · Israel's Central Bureau of Statistics · Published: 2026-09-15 · Column relative to August 2025: 1.5%. Not the monthly increase (0.7%) or cumulative increase since December 2025 (2.1%).
- Unemployment
- % of the labour force; definition used by the stated institutionTürkiye: 2025 · ILO modelled estimate, % of the labour force · World Bank · ILO est. · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Israel: 2025 · World Bank · ILO est.
- Budget balance
- General government (% of GDP)Türkiye: 2025 · IMF · IMF est. · IMF WEO estimate, not a monthly observation. Retains the country's fiscal year where it differs from the calendar year.Israel: 2025 · IMF — World Economic Outlook · IMF est.
- Gross public debt
- General government (% of GDP)Türkiye: 2025 · IMF · IMF est. · IMF WEO estimate, not a monthly observation. Retains the country's fiscal year where it differs from the calendar year.Israel: 2025 · IMF — World Economic Outlook · IMF est.
- Current account balance
- % of GDPTürkiye: 2024 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Israel: 2025 · World Bank
- Population
- PeopleTürkiye: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Israel: 2025 · World Bank
- Area
- Total area in km²; territorial coverage of the sourceTürkiye: 2023 · World Bank / FAO · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Israel: 2023 · Area according to the series' coverage; does not determine sovereignty or effective control · World Bank
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Türkiye to Israel
| Product or sector | Value / share |
|---|---|
| Land vehicles and components | 195.6 M USD2024 · Source |
| Electrical and electronic equipment | 112.1 M USD2024 · Source |
| Machinery and mechanical appliances | 73.2 M USD2024 · Source |
| Mineral fuels and oils | 10.9 M USD2024 · Source |
| Pharmaceutical products | 1.4 M USD2024 · Source |
Israel to Türkiye
| Product or sector | Value / share |
|---|---|
| Mineral fuels and oils | 268 M USD2024 · Source |
| Machinery and mechanical appliances | 35.8 M USD2024 · Source |
| Electrical and electronic equipment | 13.7 M USD2024 · Source |
| Pharmaceutical products | 5 M USD2024 · Source |
| Land vehicles and components | 0.1 M USD2024 · Source |
Connections between people
Education, work, visits and community connections have their own records and procedures. Residents are not equivalent to annual arrivals, and visits may be repeated. The tables retain dates, definitions and sources to distinguish these connections from business contracts and government decisions. [2]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Türkiye living in Israel | ||
| Residents from Israel living in Türkiye | ||
| Study and training: Türkiye in Israel | ||
| Study and training: Israel in Türkiye | ||
| Academic stays: Türkiye in Israel | ||
| Academic stays: Israel in Türkiye | ||
| Travel: Türkiye to Israel | ||
| Travel: Israel to Türkiye |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
The trade suspension announced by Türkiye
The Ministry of Trade reaffirmed in 2026 that the May 2, 2024 decision suspended exports, imports, free trade zones and transit toward Israel in all product groups. The description is attributed to the Turkish body. It is not transformed into independent verification of each shipment or a replacement for other reporters' records. [1]
Data from a transition year
The table uses 2024 when no more recent compatible records exist. That year includes months before suspension, so a positive annual value does not show trade subsequently reopened. The observation date and regulatory decisions are essential. Goods, intermediation, customs destination and product origin can be different categories. [1]
The position on Palestine in September 2026
The eight ministers' declaration published by Türkiye addresses settlements, trade measures and the two-state solution. It is a joint position with several participants, not exclusively Turkish–Israeli negotiations. Its content is attributed to the signatories. The document's regional cooperation and legal arguments do not constitute a count of executed trade operations. [2]
The scale of the two economies
Türkiye recorded nominal GDP of 1597.3 billion USD in 2025, compared with 610.8 in 2025 for Israel. The reference populations were 85.88 million (2025) and 10.12 million (2025), respectively. In the same year, Türkiye's nominal GDP was 2.62 times Israel's. The figures contextualize market size; they do not in themselves describe well-being, individual wealth or political influence. IMF estimates or demographic extrapolations retain their markings in the table. A ratio is not calculated when the periods do not match. [4] [5] [6] [7]
Recent developments
Recent developments and latest available data · Reviewed: 2026-10-07
Turkish follow-up in 2026
The trade communication confirms the official position on continued suspension on its date. Earlier goods are retained as precedents, not proof of current access. The profile distinguishes trade decisions, diplomatic protests and regional effects, preventing old business ties or an annual balance from obscuring political deterioration. [1]
Observed economic exchange
In 2024, recorded goods trade between Türkiye and Israel totaled USD 2117.6 million. Shipments from Türkiye to Israel were 1521.5 million USD; those in the opposite direction were 596.1 million USD. Türkiye's shipments to the partner represented 0.58 % of its goods exports to the world, using the same year and reporting country. A single customs declaration is used for both directions. This annual flow does not include all services activity or subsidiaries' local sales and is not added to accumulated investment capital. [3]
Milestones and consequences
Sources and data
Periods and scope of the figures
Each figure retains its period, unit, definition and source. Announcements, contracts and results are not interchangeable. Empty cells do not mean zero. Customs data for 2025 are not presented as activity observed during later crises.
- Turkish declaration on trade suspension
Turkish Ministry of Trade · Institutional source · Document: 2026 · Accessed: 2026-10-07
- Eight ministers' declaration on Palestine
Türkiye Ministry of Foreign Affairs / joint statement · Institutional source · Document: 2026-09-09 · Accessed: 2026-10-07
- Annual TOTAL X/M; 2024; reporter 792; partners 0,376
UN Comtrade / TUR · Institutional source · Accessed: 2026-10-07
- NY.GDP.MKTP.CD; 2023–2025; country and period preserved; no military series
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-07
- SP.POP.TOTL; 2023–2025; country and period preserved; no military series
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-07
- HS2 27; 2024; reporter 792; partners 376; X/M; annual goods
UN Comtrade / TUR · Institutional source · Accessed: 2026-10-07
- HS2 30; 2024; reporter 792; partners 376; X/M; annual goods
UN Comtrade / TUR · Institutional source · Accessed: 2026-10-07
- HS2 84; 2024; reporter 792; partners 376; X/M; annual goods
UN Comtrade / TUR · Institutional source · Accessed: 2026-10-07
- HS2 85; 2024; reporter 792; partners 376; X/M; annual goods
UN Comtrade / TUR · Institutional source · Accessed: 2026-10-07
- HS2 87; 2024; reporter 792; partners 376; X/M; annual goods
UN Comtrade / TUR · Institutional source · Accessed: 2026-10-07
Additional sources on products and human connections
- UN Comtrade / TUR
2026-10-07 · Accessed: 2026-10-07 · HS2 27; 2024; reporter 792; partners 376; X/M; annual goods.
- UN Comtrade / TUR
2026-10-07 · Accessed: 2026-10-07 · HS2 87; 2024; reporter 792; partners 376; X/M; annual goods.
- UN Comtrade / TUR
2026-10-07 · Accessed: 2026-10-07 · HS2 85; 2024; reporter 792; partners 376; X/M; annual goods.
- UN Comtrade / TUR
2026-10-07 · Accessed: 2026-10-07 · HS2 84; 2024; reporter 792; partners 376; X/M; annual goods.
- UN Comtrade / TUR
2026-10-07 · Accessed: 2026-10-07 · HS2 30; 2024; reporter 792; partners 376; X/M; annual goods.