Turkish exports to Saudi Arabia near zero after informal boycott
Turkey’s exports to Saudi Arabia have dropped to almost zero after the Arab kingdom enforced an informal blockade on the goods.
Exports slumped by 94.4 percent annually to $11.25 million in April, economic news and analysis website P.A. Intelligence reported on Thursday citing data from the Turkish Exporters’ Assembly (TIM).
Turkish President Recep Tayyip Erdoğan is seeking to repair relations with Saudi Arabia, marred by a political crisis over the killing of dissident Saudi journalist Jamal Khashoggi in Istanbul in 2018. The two countries have also clashed over policy in war-torn Libya, backing different sides in the conflict.
Riyadh has not acknowledged ordering a boycott of Turkish goods, but business groups have called for a moratorium.
Turkey’s exports to Saudi Arabia in the first four months of the year fell 93.3 percent to $67.4 million, P.A. Intelligence said.