Turkiye's apparel exports slip 3.39% to $14.7 bn YoY in Jan-Sept 2023

03 Nov '23

2 min read

Pic: Adobe Stock

Insights

From January to September 2023, Turkiye's apparel exports witnessed a 3.39 per cent decline, amounting to $14.272 billion.
In September 2023 alone, the fall was more substantial at 10.52 per cent.
Both knitted and non-knitted clothing sectors experienced decreases.
This decline contrasts with a 6.46 per cent increase in apparel exports in 2022.

Turkiye's apparel exports witnessed a 3.39 per cent decline year-on-year in the period from January to September 2023, according to data from the Turkish Statistical Institute and the country's ministry of trade. Exports for this period totalled $14.272 billion, a decrease from $14.773 billion in the corresponding period of 2022. In September 2023 alone, exports experienced a more substantial dip, falling 10.52 per cent to $1.590 billion.

Exports of knitted and crocheted clothing and accessories (HS Chapter 61) reached $7.823 billion in the first nine months of 2023, a 6 per cent decrease from $8.324 billion in the same period last year. Meanwhile, non-knitted apparel and accessories (HS Chapter 62) amounted to $6.279 billion, marking a 2.6 per cent drop compared to $6.449 billion in January to September 2022.

In September 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 10.52 per cent to $1.590 billion, compared with $1.777 billion in September 2022. Exports of knitted and crocheted clothing and accessories fell by 8.9 per cent, totalling $948.241 million, against $1,040.830 million in September 2022. Shipments of non-knitted apparel and accessories also declined, dropping by 12.9 per cent from $737.547 million in September 2022 to $642.713 million in September 2023.

For context, 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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