Home breadcru News breadcru Import/Exports breadcru Turkiye's apparel exports slip 3.38% YoY in January-July 2023

Turkiye's apparel exports slip 3.38% YoY in January-July 2023

01 Sep '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • From January to July 2023, Turkiye's apparel exports declined by 3.38 per cent year-on-year, amounting to $10.947 billion.
  • The drop was more pronounced in knitted and crocheted clothing, which fell by 5.7 per cent to $5.968 billion.
  • Non-knitted apparel saw a slight 0.4 per cent drop. In July 2023 alone, total apparel exports fell by 3.75 per cent.
Turkiye's apparel exports saw a year-on-year decline of 3.38 per cent from January to July 2023, totalling $10.947 billion, compared to $11.328 billion in the same period in 2022, according to the Turkish Statistical Institute and the country's ministry of trade. In July 2023 alone, exports fell by 3.75 per cent to $1.459 billion. 

Exports of knitted and crocheted clothing and accessories (HS chapter 61) amounted to $5.968 billion during January-July 2023, marking a 5.7 per cent decrease from $6.328 billion in the corresponding period the previous year. Conversely, non-knitted apparel and accessories (HS chapter 62) totalled $4.978 billion, indicating a 0.4 per cent drop compared to $5 billion in January-July 2022. 

In July 2023, the most recent month for which data is available, Turkiye's total exports of both knitted and non-knitted clothing and accessories decreased by 3.75 per cent to $1.459 billion, compared with $1.516 billion in July 2022. Exports of knitted and crocheted clothing and accessories fell by 5.7 per cent, totalling $837.4 million in July 2023, against $888.868 million in the same period the previous year. Shipments of non-knitted apparel and accessories also declined by 0.4 per cent, dropping from $628.852 million in July 2022 to $622.131 million in July 2023. 

In 2022, Turkiye's apparel exports increased by 6.46 per cent to $19.475 billion, compared to $18.294 billion in 2021. 

ALCHEMPro News Desk (KUL)

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