Home breadcru News breadcru Import/Exports breadcru Turkiye's apparel exports drop 9.6% to $4.5 bn in Jan-Mar 2024

Turkiye's apparel exports drop 9.6% to $4.5 bn in Jan-Mar 2024

03 May '24
2 min read
Turkiye's apparel exports drop 9.6% to $4.5 bn in Jan-Mar 2024
Pic: Adobe Stock

Insights

  • In Q1 2024, Turkiye's apparel exports declined by 9.66 per cent YoY to $4.538 billion.
  • Knitted and crocheted clothing exports decreased by 8.1 per cent, while non-knitted apparel dropped by 11.4 per cent.
  • March 2024 saw a 16.11 per cent decrease in exports compared to March 2023.
  • Despite this, textile products did not feature among Turkiye's top 20 imports.
Turkiye's apparel exports experienced a 9.66 per cent year-on-year (YoY) decline in the first quarter of 2024, according to data from the Turkish Statistical Institute and the country's Ministry of Trade. During this period, exports totalled $4.538 billion, a decrease from $4.913 billion in the corresponding period of 2023.

The country’s exports of knitted and crocheted clothing and accessories (HS Chapter 61) reached $2,409.793 million in January-March 2024, marking an 8.1 per cent decrease from $2,623.574 million in the same period of the previous year. Meanwhile, non-knitted apparel and accessories (HS Chapter 62) amounted to $2,029.271 million, representing an 11.4 per cent drop compared to $2,290 million in January-March 2023, as per the trade report of the top twenty chapters.

In March 2024, Turkiye’s exports saw a mild drop, falling 16.11 per cent to $1,588.561 million. Exports of knitted and crocheted clothing and accessories fell by 13.6 per cent, totalling $865.598 million in March 2024, against $1,001.778 million in March 2023. Shipments of non-knitted apparel and accessories also declined, dropping by 18.9 per cent from $891.468 million in March 2023 to $722.963 million in the same month of 2024.

No textile product featured in Turkiye's top 20 chapters in its imports during the period under review.

In 2023, the country’s apparel exports eased by 5.86 per cent to $18.321 billion from $19.463 billion in 2022. Turkiye's apparel exports were recorded at $18.294 billion in 2021.

ALCHEMPro News Desk (KUL)

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