In 2023, the value of trade between Turkey and Israel was 6.8 billion dollars with Turkish exports to Israel amounting to about 5.4 billion dollars. However, as reported by Bloomberg, Turkey has suspended all exports and imports with Israel since Thursday. Two Turkish officials who chose to remain anonymous confirmed the end of trade between the two countries.
The conflict in Gaza led to trade restrictions between Turkey and Israel in early April when the Turkish Ministry of Trade prohibited the export of certain materials and products to Israel. Israeli Foreign Minister, Israel Katz, criticized President Erdoğan for violating agreements by blocking Israeli exports and imports, calling it dictator-like behavior.
The relationship between Turkey and Israel has been strained in recent years due to diplomatic recalls and evictions that occurred between the two countries in 2018. Though relations were normalized in 2022, the war in Gaza further worsened ties. As a result, Israel withdrew its diplomats from Turkey last October after President Erdoğan accused Israel of acting like war criminals.
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