Turkiye's textile trade with Egypt declines sharply

According to Fibre2Fashion's market insight tool TexPro, shipments during the first five months of the current year decreased by 44.44 per cent, from exports of $36.893 million in the corresponding period of the previous year. The share also reduced from 0.50 per cent to 0.33 per cent in this period. Turkiye’s total apparel exports were $7.330 billion from January to May 2023 and $6.725 billion from January to May 2024.

Egypt’s share in Turkiye’s apparel exports began to fall after COVID-related disruptions. The share was 0.75 per cent in 2019 when Turkiye exported apparel worth $120.895 million to Egypt, out of its total apparel exports of $16.063 billion. The share eased to 0.74 per cent in 2020 when the shipment to Egypt amounted to $110.661 million. Turkiye’s total apparel exports amounted to $14.959 billion in the same period.

During the pandemic, disruptions persisted into 2021, although restrictions and lockdowns were gradually eased. Consequently, Turkiye’s total apparel exports rebounded to $17.351 billion, with shipments to Egypt amounting to $139.551 million, representing 0.80 per cent of the total. Egypt’s share increased in tandem with the rise in export value, according to TexPro.

However, Turkiye’s exports to Egypt reduced to $119.973 million in 2022 despite the fact that Turkiye’s total apparel exports further gained to $17.921 billion. Hence, Egypt’s share reduced to 0.67 per cent of the total. The share further decreased to 0.41 per cent in 2023 when Turkiye exported apparel worth $68.867 million to Egypt, while Turkiye’s total apparel exports were $16.815 billion in the same period.

Fibre2Fashion News Desk (KUL)