Turkiye's apparel exports slip 5.42% to $16.9 bn in Jan-Nov 2023

03 Jan '24

2 min read

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Insights

Turkiye's apparel exports declined by 5.42 per cent year-on-year to $16.904 billion during January-November 2023, according to data from Turkish Statistical Institute and the ministry of trade.
Knitted and non-knitted clothing exports both decreased, contrasting with a 6.46 per cent increase in 2022.
In November 2023 alone, there was an 8.71 per cent drop.

Turkiye’s apparel exports experienced a 5.42 per cent year-on-year decline in the period from January to November 2023, according to data from the Turkish Statistical Institute and the country’s ministry of trade. During this period, exports totalled $16.904 billion, a decrease from $17.873 billion in the corresponding period of 2022. In November 2023 alone, exports saw a more significant drop, falling 8.71 per cent to $1.372 billion.

Exports of knitted and crocheted clothing and accessories (HS Chapter 61) reached $9.470 billion in the first eleven months of 2023, marking a 6.4 per cent decrease from $10.119 billion in the same period of the previous year. Meanwhile, non-knitted apparel and accessories (HS Chapter 62) amounted to $7.434 billion, representing a 4.1 per cent drop compared to $7.754 billion in January to November 2022.

In November 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 8.71 per cent to $1.372 billion, compared with $1.503 billion in November 2022. Exports of knitted and crocheted clothing and accessories fell by 6.9 per cent, totalling $812.289 million, against $872.270 million in November 2022. Shipments of non-knitted apparel and accessories also declined, dropping by 4.1 per cent from $631.118 million in November 2022 to $560.670 million in November 2023.

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

Fibre2Fashion News Desk (KUL)

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