Israel has a developed economy and is a member of the OECD. It has signed several trade agreements with Turkey since 1996 to increase trade between the two countries. Israeli exports to Turkey rose 39% from 2010 to 2011 while imports from Turkey rose 16%, with trade between the two reaching $2 billion. Key Israeli exports include chemicals, oil distillates, and high-tech defense equipment, while imports from Turkey include military boots and uniforms.