Turkiye's apparel exports dip 4.99% in Jan-Oct 2024

Exports of knitted and crocheted clothing and accessories (HS Chapter 61) decreased by 2.2 per cent to $8,469.667 million, down from $8,655.852 million in January-October 2023. Non-knitted apparel and accessories (HS Chapter 62) experienced an 8.6 per cent decline, falling to $6,282.723 million from $6,872.818 million during the same period last year, as per the trade report on the top twenty chapters.

In October 2024, Turkiye's garment exports rose by 5.17 per cent to $1,504.638 million. Exports of knitted and crocheted clothing and accessories increased by 9.3 per cent to $914.988 million, compared to $837.030 million in October 2023. However, non-knitted apparel and accessories saw a 0.7 per cent decrease, dropping from $593.564 million in October 2023 to $589.650 million in October 2024.

Among the top 20 product chapters imported by Turkiye, the inbound shipment of non-knitted and crocheted goods and articles (HS Chapter 62) grew by 17.0 per cent to $1,635.267 million in the first ten months of 2024, compared to $1,397.559 million in January-October 2023. In October 2024, imports increased by 17.6 per cent to $205.871 million, up from $175.010 million in the same month of the previous year.

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

Fibre2Fashion News Desk (KUL)