The Turkish economic publication Ekonomim has highlighted the impact of anti-Israeli sanctions imposed by Ankara on trade with Israel. According to the publication, Mahmut Işık, director of one of the largest Turkish shipping companies, Medkon, stated that since the sanctions were introduced on April 9, maritime traffic to Israel has decreased by 30%. This reduction in maritime traffic has led to a 27% decrease in exports from Turkey to Israel, as 90% of exports come by sea. However, Ekonomim acknowledges that some of the export was redirected through third countries to bypass the sanctions.
On April 9th, the Turkish Ministry of Economy banned the export of 1,019 goods in 54 categories to Israel. This move had a significant impact on trade between Turkey and Israel as evidenced by a 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, these measures have not been able to fully compensate for the loss in trade caused by anti-Israeli sanctions imposed by Ankara.
The ongoing economic implications of anti-Israeli sanctions imposed by Ankara continue to affect Turkish businesses and trade relationships with other countries. As the situation evolves it will be important for businesses to adapt to changing trade landscape and find alternative solutions
