The Turkiye–Italy 4th Intergovernmental Summit will be held on April 29 in Rome under the leadership of President Erdogan and Italian Prime Minister Giorgia Meloni.
Turkiye’s textile exports to Italy fell to $620.035 million in 2024. This included fabric exports of $355.919 million (57.40 per cent), yarn exports of $211.316 million (34.08 per cent), and fibre exports of $52.798 million (8.52 per cent). Textile exports had stood at $847.271 million in 2022 and $640.256 million in 2023. Fabric accounted for more than 50 per cent of the total textile exports, according to Fibre2Fashion's market insight tool TexPro.
Turkiye imported textiles worth $398.121 million from Italy in 2024, down 16.73 per cent from $478.487 million in 2023. The imports were $487.973 million in 2022. In 2024, fabric imports totalled $308.849 million (77.58 per cent), yarn $82.337 million (20.68 per cent), and fibre $6.933 million (1.74 per cent).
Turkiye’s apparel exports to Italy also declined 19.78 per cent, reaching $450.634 million in 2024. In comparison, exports were $561.083 million in 2023 and $593.119 million in 2022, according to TexPro. After the recovery from COVID-19, international trade in garments and textiles experienced a strong rebound, and Turkiye–Italy bilateral trade was no exception.
However, the trend in Turkiye’s apparel imports from Italy has been the opposite in recent years. Imports rose from $173.407 million in 2022 to $253.650 million in 2023, and further to $283.087 million in 2024, marking an 11.85 per cent increase over 2023.
ALCHEMPro News Desk (KUL)
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