Turkey tightens embargo on Israel
Turkey has determined to halt the motion of Turkish ships to Israel altogether, together with these carrying items certain for the Palestinian Authority, “Globes” has realized. The measure comes fifteen months after Turkey imposed an embargo on commerce with Israel.
From now onwards, any direct passage of ships from Turkey to Israel is totally banned, and ships carrying the Turkish flag are required to not dock in Israel. Cargo ships should present paperwork to the Turkish authorities which is able to study them to see whether or not they come to Israel routinely. The motion of ships “with Israeli connections” will in all probability be accepted, if the cargo will not be dealt with in Turkey.
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On the whole, no cargo exercise with an Israeli connection will likely be accepted, together with containers. The direct implication is that the Turks have additionally determined to forego the motion of products to the Palestinian Authority, which takes place by means of Israeli ports. The Turkish choice places in grave doubt Turkey’s skill to switch humanitarian assist to the Gaza Strip, since this largely goes by means of Ashdod.
A former necessary buying and selling accomplice
In accordance with a Financial institution of Israel report in March, items imports from Turkey in 2023 totaled $5.3 billion, 6.3% of whole imports. Direct purchases from Turkey amounted to $4.6 billion, whereas at the least $660 million value of products made in Turkey have been imported by means of third occasion nations.
Turkey was an necessary supply of constructing supplies for Israel. Half of Israel’s imports of cement and plaster, and a fifth of imported iron and metal, got here from Turkey. Israel additionally imported giant portions of Turkish plastic and plastic merchandise, autos, equipment, and electromechanical merchandise.
The worth of Israeli exports to Turkey was a lot smaller, at $1.5 billion in 2023, 2.5% of all items exports. The primary gadgets exported to Turkey have been chemical compounds, plastics, and waste metallic. Exports of enterprise companies to Turkey and Turkish tourism in Israel have been negligible, leaving Israel with an general bilateral commerce deficit.
Following the imposition of the Turkish embargo in Might 2024, Israeli exports to Turkey that yr fell by about $1 billion as compared with 2023. This contributed to a normal decline in exports of chemical merchandise in 2024, however the impact on different industries was small.
Imports of Turkish items fell from $550 million month-to-month initially of 2024 to $100-200 million month-to-month by the tip of the yr. Official Turkish figures point out a whole halt in exports to Israel, in accordance with authorities coverage.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 21, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
