Turkiye's apparel exports slip 3.70% YoY in January-August 2023

08 Oct '23

2 min read

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Insights

Turkiye's apparel exports saw a 3.70 per cent decline in Jan-Aug 2023, totalling $12.513 billion.
In August 2023 alone, exports dropped by 5.93 per cent.
Knitted and crocheted clothing exports decreased by 5.6 per cent, while non-knitted apparel dropped by 1.3 per cent during the same period.
Turkiye's apparel exports had increased by 6.46 per cent in 2022.

Turkiye's apparel exports saw a year-on-year decline of 3.70 per cent from January to August 2023, totalling $12.513 billion, compared to $12.995 billion in the same period in 2022, according to the Turkish Statistical Institute and the country's ministry of trade. In August 2023 alone, exports fell by 5.93 per cent to $1.568 billion.

Exports of knitted and crocheted clothing and accessories (HS chapter 61) amounted to $6.876 billion during January-August 2023, marking a 5.6 per cent decrease from $7.283 billion in the corresponding period of the previous year. Conversely, non-knitted apparel and accessories (HS chapter 62) totalled $5.637 billion, indicating a 1.3 per cent drop compared to $5.712 billion in January-August 2022.

In August 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 5.93 per cent to $1.568 billion, compared with $1.667 billion in August 2022. Exports of knitted and crocheted clothing and accessories fell by 4.8 per cent, totalling $908.928 million in August 2023, against $955.136 million in the same period of the previous year. Shipments of non-knitted apparel and accessories also declined by 7.5 per cent, dropping from $712.203 million in August 2022 to $659.078 million in August 2023.

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

Fibre2Fashion News Desk (KUL)

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