Turkiye's apparel exports dip 1.12% YoY, but May 2023 shows 27% growth

30 Jun '23

2 min read

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Insights

Turkiye's apparel exports experienced a drop to $7.921 billion in the first 5 months of 2023.
However, a robust recovery in May saw exports rise by 27.63 per cent to $1.575 billion.
Although knitted clothing exports declined by 3.8 per cent, non-knitted apparel exports rose 2.1 per cent.
This downturn follows an overall growth of 6.46 per cent in 2022.

Turkiye's apparel exports experienced a decline of 1.12 per cent year-on-year (YoY) in the period from January to May 2023, which brought the total exports to $7.921 billion, compared to $8.011 billion during the same period in 2022, according to the Turkish Statistical Institute and the country's ministry of trade. However, in May 2023, exports witnessed a substantial growth of 27.63 per cent, totalling $1,575.274 million.

The export of knitted and crocheted clothing and accessories (HS chapter 61) accounted for $4.257 billion during January-May 2023, which is a decrease of 3.8 per cent from the $4.424 billion in the same period the previous year. On the other hand, non-knitted apparel, and accessories (HS chapter 62) were valued at $3.664 billion, showing an increase of 2.1 per cent compared to the $3.587 billion in exports during January-May 2022.

In May 2023, the latest month for which data is available, Turkiye's total exports of both knitted and non-knitted clothing and accessories soared by 27.63 per cent to $1.575 billion, compared to $1.234 billion in May 2022. The exports of knitted and crocheted clothing and accessories increased by 24.6 per cent, reaching $853.227 million in May 2023, compared to $686.559 million in the corresponding period the previous year. Additionally, the shipment of non-knitted apparel and accessories also saw a rise of 31.4 per cent, from $547.711 million in May 2022 to $719.842 million in May 2023.

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

Fibre2Fashion News Desk (KUL)

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