IEICI: Turkey is Israel's 3rd export destination

United States remains in the first place with exports totaling some $3 million– a 12% increase compared to the same period last year. The export to Turkey totaled $500 million– a 73% rise
 
Israel Export and International Cooperation Institute (IEICI) revealed last week the short list of Israel's leading export destinations in the first quarter of 2011.
 
United States remains in the first place with exports totaling some $3 million (excluding diamonds) – a 12% increase compared to the same period last year. Holland ranked second, up from the third place last year, serving as Israel's biggest export destination in Europe – despite a slight drop (3%) in exports, which totaled some $517 million. Turkey was ranked third – up from the ninth place last year.
 
The export of goods to Turkey, excluding diamonds, totaled $500 million – a 73% rise compared to the same quarter last year. IEICI officials stressed that the exports to Turkey recorded the biggest growth in the past year.
 
The IEICI said in a statement that "The sharp rise in exports to Turkey stems mainly from the growth in the chemicals and oil refining industries, which rose by 57% compared to the same period last year, totaling $260 million".
 
Germany was ranked fourth – up from the sixth place in the first quarter of 2010. The report noted that "The export of goods to Germany, excluding diamonds, totaled some $473 million – a 22% increase compared to the same period last year".
 
China maintained the fifth place, India $336 million fell to the eighth place from the second place, and Spain was replaced by Canada in the top 10. The export of goods to China, excluding diamonds, totaled some $443 million – a 12% rise compared to the same period last year."