Home breadcru News breadcru Import/Exports breadcru Turkiye's apparel exports slip 9.32% to $1.5 bn during January 2024

Turkiye's apparel exports slip 9.32% to $1.5 bn during January 2024

04 Mar '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In January, Turkiye's apparel exports dropped by 9.32 per cent YoY to $1.391 billion.
  • Knitted and crocheted items fell by 7.1 per cent, reaching $766.022 million, while non-knitted apparel decreased by 10.9 per cent to $625.580 million.
  • In 2023, total exports declined by 5.86 per cent to $18.321 billion. December 2023 saw a 10.74 per cent drop in exports.
Turkiye's apparel exports experienced a 9.32 per cent year-on-year decline in the first month of the year 2024, according to data from the Turkish Statistical Institute and the country’s ministry of trade. During this period, exports totalled $1.391 billion, a decrease from $1.534 billion in the corresponding period of 2023.

Exports of knitted and crocheted clothing and accessories (HS Chapter 61) reached $766.022 million in January 2024, marking a 7.1 per cent decrease from $832.646 million in the same period of the previous year. Meanwhile, non-knitted apparel and accessories (HS Chapter 62) amounted to $625.580 million, representing a 10.9 per cent drop compared to $702.142 million in January 2023.

During the recently concluded year 2023, Turkiye's apparel exports eased 5.86 per cent to $18.321 billion from $19.463 billion in 2022. Turkiye's apparel exports were recorded as $18.294 billion in 2021.

In the previous month, December 2023, exports saw a more significant drop, falling 10.74 per cent to $1.420 billion. Exports of knitted and crocheted clothing and accessories fell by 8.2 per cent, totalling $813.991 million, against $886.966 million in December 2022. Shipments of non-knitted apparel and accessories also declined, dropping by 13.9 per cent from $606.461 million in December 2022 to $704.126 million in December 2023.

ALCHEMPro News Desk (KUL)

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