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Turkiye's Q1 2023 garment exports to Saudi Arabia surge 14x

28 May '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • In Q1 2023, Turkiye's garment exports to Saudi Arabia surged fourteen-fold to $******* million, a significant increase from the same period last year.
  • The increase marks a substantial recovery in bilateral trade, with Turkiye's garment exports jumping from $****** million in Q1 2022 to near the total export value of $****** million in 2022.

Relations between Turkiye and Saudi Arabia had been strained in the aftermath of the **** assassination of Saudi journalist Jamal Khashoggi, with bilateral trade—including the textile sector—suffering as a result. However, efforts to normalise relations from both countries have led to a substantial increase in garment exports. 

The textile trade between these nations is evolving. Turkiye&#**;s garment exports stood at a mere $*.*** million in Q*, ****, increasing to $*.*** million in Q*. They then leaped to $**.*** million in Q* of the same year, culminating in Q* of this year with the aforementioned $**.*** million. This most recent figure is not far off from the total exports for all of **** when Turkiye exported apparel worth $**.*** million. Remarkably, it signifies a more than four-fold increase from the **** exports, which totalled $**.*** million, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro. 

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