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Russia leads BRICS markets for Turkiye's apparel exports in early 2024

28 Jun '24
2 min read
Russia leads BRICS markets for Turkiye's apparel exports in early 2024
Russia leads BRICS markets for Turkiye's apparel exports in early 2024

Insights

  • Russia was the largest market for Turkiye's apparel exports among BRICS nations in Jan-Apr, with exports worth $*****.*** million.
  • UAE was the second largest, with $*****.*** million.
  • BRICS membership has expanded to include Egypt, Saudi Arabia, Ethiopia, UAE and Iran.
  • Turkiye's exports to Russia showed significant growth to $*******.*** million in 2023.

It is to be noted that originally BRICS had five members: Brazil, Russia, India, China, and South Africa. However, the number of member nations has grown to ten as Egypt, Saudi Arabia, Ethiopia, the United Arab Emirates, and Iran have also become members.

According to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro, Turkiye’s apparel exports to Russia dipped to $***.*** million in **** from $***.*** million in ****. However, they increased to $***.*** million in **** and $***.*** million in ****. The shipment jumped to $***.*** million in ****.

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