According to the Turkish economic publication Ekonomim, the anti-Israeli sanctions imposed by Ankara have had a significant impact on trade with Israel. Since the introduction of sanctions on April 9, maritime traffic to Israel has decreased by 30%, as 90% of exports from Turkey to Israel are transported by sea. This reduction in maritime traffic translates to a 27% decrease in exports. However, despite the decrease in exports, some of the export activity has been redirected through third countries to bypass the sanctions.
On April 9, the Turkish Ministry of Economy prohibited the export of 1,019 goods in 54 categories to Israel, mainly focusing on construction materials. As businesses navigate these challenges, finding alternative routes and solutions may become essential in the current economic landscape. Despite this setback, it is important for both countries to continue working towards resolving their differences and finding ways to maintain trade activity.
