According to a report by the Turkish economic publication Ekonomim, the anti-Israeli sanctions imposed by Ankara have had a significant impact on trade between Turkey and Israel. The publication notes that since April 9, when the sanctions were introduced, maritime traffic to Israel has decreased by 30%. This reduction in maritime traffic has resulted in a 27% decrease in exports from Turkey to Israel.
The director of one of the largest Turkish shipping companies, Mahmut Işık from Medkon, stated that 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 maintaining trade activity in this current economic landscape. Despite the difficulties faced by businesses due to these sanctions, it is important for them to continue exploring opportunities for growth and expansion while adhering to these restrictions.
