View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 12, 2019

Turkey apparel exports slip year-on-year in January

Turkey's apparel exports saw a slight decline in January compared with a year earlier, according to new figures shared by the Istanbul Apparel Exporters' Association (IHKIB).

By Hannah Abdulla

Turkey’s apparel exports saw a slight decline in January compared with a year earlier, according to new figures shared by the Istanbul Apparel Exporters’ Association (IHKIB).

For January 2019, Turkey’s apparel and ready-made garment exports stood at US$1.4bn, 0.4% lower than the same month last year. The EU was the biggest market for garment exports, accounting for 72.1% of the total. Exports to Germany rose 10.4% to US$271.9m and increased 7% to Spain at US$175.5m. However, exports to the UK fell 4.8% to US$147.5m.

Last month IHKIB president Mustafa Gultepe said Turkey is eyeing a 10% increase in apparel exports for 2019.

According to the re:source by just-style strategic planning tool, Turkey is amongst the world’s top ten clothing and textile exporters thanks to its high quality, proximity to Europe and Asia, skilled labour, and a well-developed domestic supply chain.

The country currently enjoys duty-free access to the European Union through Euro-Mediterranean Economic Partnership Agreement. However, its textile and clothing exports to the UK would be dealt a “severe hit” in the event of a No-Deal Brexit with the EU.

Another potential source of risk and opportunity for the industry is China’s Belt and Road Initiative (BRI). Touted by Beijing as a ‘win-win’ for all involved in the sprawling infrastructure project that connects the Far East with Europe – experts recently told just-style that it could be a double-edged sword for Turkey’s textile and garment sector.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style