Home breadcru News breadcru Import/Exports breadcru Germany tops Turkiye's apparel export markets among G20 countries

Germany tops Turkiye's apparel export markets among G20 countries

23 Nov '24
2 min read
Germany tops Turkiye's apparel export markets among G20 countries
Pic: Adobe Stock

Insights

  • Germany was the largest G20 market for Turkiye's apparel exports, valued at $2.15 billion in January-September 2024.
  • The UK and France ranked second and third, with exports of $1.03 billion and $615 million, respectively.
  • Exports to the US, Italy, and Russia also declined compared to 2023.
  • Other smaller markets included Saudi Arabia, Canada, and Australia.
Germany emerged as the leading market for Turkiye’s apparel exports among G20 countries, with exports valued at $2,145.996 million in the first three quarters of 2024. Out of the 19 countries in the group, 14 are net garment-importing nations, while the remaining five, including Turkiye, are primarily apparel-exporting countries. Other significant garment exporters in the group include China, India, Indonesia, and South Africa.

According to Fibre2Fashion's market insight tool TexPro, Turkiye exported apparel worth $3,011.768 million in 2023, which was lower than the $3,427.884 million shipped in 2022.

The UK was the second-largest market, with Turkiye exporting apparel worth $1,031.711 million during the first nine months of 2024. In comparison, exports to the UK amounted to $1,321.331 million in 2023 and $1,629.114 million in 2022. France was the third-largest market, with exports totalling $614.579 million from January to September 2024, down from $949.036 million in 2023 and $1,003.719 million in 2022.

Turkiye’s apparel exports to the US during the January-September 2024 period amounted to $549.142 million, followed by Italy at $396.030 million and Russia at $302.865 million. In 2023, shipments to these countries were $778.809 million, $655.045 million, and $623.461 million, respectively, according to TexPro.

During the first nine months of 2024, Turkiye’s apparel exports to Saudi Arabia amounted to $232.690 million, to Canada $56.994 million, and to Australia $27.646 million. Last year, shipments to these countries were valued at $179.638 million, $91.027 million, and $41.341 million, respectively.

Mexico, South Korea, Japan, Brazil, and Argentina were smaller markets for Turkiye’s apparel exports.

ALCHEMPro News Desk (KUL)

Get Free Weekly Market Insights Newsletter

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