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Turkiye's apparel exports to Ukraine normalise after last year's surge

20 Dec '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Turkiye's apparel exports to Ukraine reached $****.* million in Jan-Oct 2023, indicating a steady growth despite a decrease from the previous year's exceptional figures.
  • Reports suggest that both countries are nearing the ratification of an FTA, which could boost their trade further.
  • Turkiye's shipments in this period fell by **.* per cent from 2022.

*.*pt"> Turkiye&#**;s apparel exports to Ukraine were valued at $***.* million during the first ten months of the current year, ****. However, this trade figure pales in comparison to the remarkable shipments of the previous year. Nonetheless, the trade has exhibited steady growth relative to the shipments of prior years. In fact, Turkiye&#**;s apparel exports to Ukraine experienced a surprising surge due to the changing geopolitical scenario. 

*.*pt"> Meanwhile, there are reports that both nations are poised to ratify a free trade agreement (FTA), which could further enhance their bilateral trade. 

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