Turkish businesses feeling the squeeze: The economic impact of sanctions on Turkey-Israel trade

Turkish businesses are facing economic challenges as a result of anti-Israeli sanctions imposed by Ankara, according to data published by the Turkish economic publication Ekonomim. The publication highlights that since the sanctions were introduced on April 9, there has been a decrease in maritime traffic to Israel, which has led to a decrease in exports from Turkey to Israel. This reduction in export volumes has had a significant impact on Turkish businesses and their trade relationships with other countries.

The Turkish Ministry of Economy banned the export of 1,019 goods in 54 categories to Israel on April 9, primarily related to construction materials. This move has had a significant impact on trade between Turkey and Israel, as evidenced by the decrease in maritime traffic and export volumes. Despite these challenges, some exporters have found ways to circumvent the sanctions by rerouting their exports through third countries.

However, this is not enough for some businesses that are struggling to maintain their global market presence due to the ongoing economic implications of anti-Israeli sanctions. It is important for businesses to adapt to the changing trade landscape and find alternative solutions that will allow them to continue operating globally while complying with international sanctions laws.