Home breadcru News breadcru Trade breadcru  | Turkey's garment exports to Saudi Arabia jump threefold in 2022

Prime Content | 
Turkey's garment exports to Saudi Arabia jump threefold in 2022

15 Mar '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Turkiye's garment exports to Saudi Arabia have recovered sharply after a period of strained diplomatic and trade relations following the murder of Saudi journalist Jamal Khashoggi. After efforts to normalise relations between the 2 countries, including leaders' visits, Turkiye's garment exports to Saudi Arabia jumped *** per cent to $***** million in 2022.

Garment exports from Turkiye to Saudi Arabia declined to $***.*** million in ****, compared to the $***.*** million shipment value in ****. The trade was also severely impacted by the COVID-** pandemic. The shipment further decreased to less than ** per cent in **** due to trade restrictions, crashing to just $**.*** million from $***.*** million in ****, according to Fibre2Fashion&#**;s market insight tool TexPro

However, efforts by both nations to normalise their relations have had a positive impact on trade. Leaders’ visits also played an important role in the normalisation of relations. Turkiye&#**;s garment exports to Saudi Arabia surged *** per cent to $**.*** million in ****, as per TexPro. Reports suggest that the recovery in trade continued into the first two months of the current year. 

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!