Turkish businesses are feeling the impact of anti-Israeli sanctions imposed by Ankara on their trade with Israel. According to data published by the Turkish economic publication Ekonomim, the director of one of the largest Turkish shipping companies, Mahmut Işık (Medkon), stated that since the sanctions were introduced on April 9, the volume of 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 to Israel come by sea.
However, some exporters have found ways to circumvent the sanctions by rerouting their exports through third countries. Despite these challenges, businesses are adapting to the changing trade landscape and finding alternative solutions to maintain their global market presence. The ongoing economic implications of the 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 stay informed and adapt their strategies accordingly.