Turkiye's apparel exports improve in July '24, despite overall decline

31 Aug '24

2 min read

Turkiye's apparel exports improve in July '24, despite overall decline

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Insights

Turkiye's apparel exports declined by 2.46 per cent YoY to $10.672 billion in January-July 2024, an improvement from the 10 per cent drop in H1 2024.
Exports of knitted clothing fell by 4.5 per cent, and non-knitted apparel by 11 per cent.
However, July 2024 saw a 9.12 per cent rise in garment exports.
Imports of cotton and textiles also decreased.

Turkiye's apparel exports saw a 2.46 per cent year-on-year (YoY) decline in January-July 2024, totalling $10.672 billion, down from $10.942 billion in the same period in 2023, according to data from the Turkish Statistical Institute and the Ministry of Trade. This represents an improvement from the 10 per cent decline recorded in the January to June period this year, driven by a rise in exports in July 2024.

Exports of knitted and crocheted clothing and accessories (HS Chapter 61) decreased by 4.5 per cent, reaching $5,695.166 million, compared to $5,965.294 million in January-July 2023. Non-knitted apparel and accessories (HS Chapter 62) saw an 11.0 per cent drop, falling to $4,429.736 million from $4,977.878 million during the same period last year, as per the trade report of the top twenty chapters.

In July 2024, Turkiye’s garment exports increased by 9.12 per cent to $1,590.893 million. Exports of knitted and crocheted clothing and accessories rose by 11.6 per cent to $933.273 million, up from $836.197 million in July 2023. Non-knitted apparel and accessories also grew by 5.8 per cent, from $621.628 million in July 2023 to $657.620 million in July 2024.

Turkiye's imports of cotton, cotton yarn, and cotton textiles (HS Chapter 52) fell by 13.2 per cent to $1,614.439 million in January-July 2024, down from $1,859.103 million in the same period last year. In July 2024, these imports decreased by 7.9 per cent to $255.735 million, compared to $277.793 million in July 2023. This is the only textile product among Turkiye's top 20 imports for July 2024.

In 2023, Turkiye’s apparel exports declined by 5.86 per cent to $18.321 billion from $19.463 billion in 2022, following $18.294 billion in 2021.

Fibre2Fashion News Desk (KUL)

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