The Turkish attire trade has achieved its highest January-November exports ever, in accordance with official knowledge, pushed partly by hovering demand from Europe amid provide chain bottlenecks and hovering delivery prices.
The knowledge from the Turkish Exporters Assembly (TIM) revealed that ready-to-wear exports reached $19.5 billion within the first 11 months of this 12 months.
The enhance of 5.8% versus a 12 months in the past got here on high of a 13.9% year-over-year rise in Türkiye’s total exports within the January-November interval.
Outbound shipments within the first 11 months amounted to $231.2 billion, in accordance with knowledge. Exports in November alone rose 1.9%, reaching $21.9 billion, marking the best November gross sales to this point.
Industry officers have stated European manufacturers had been Türkiye as a result of issues within the provide chain and elevated freight and logistics prices.
The ready-to-wear trade noticed exports of $1.73 billion in November 2021, versus $1.63 billion the identical month this 12 months, posting a lower of 5.4%, in accordance with TIM knowledge.
The European Union acquired $920 million price of Turkish ready-to-wear items final month. It was adopted by the Commonwealth of Independent States with $200 million, and different European nations with $188 million.
Some $12 billion of 11-month gross sales went to EU nations, the info confirmed, along with $2.5 billion and $1.6 billion in exports to non-EU and Middle East nations, respectively.
Germany was the trade’s largest export market amongst nations, receiving $268 million price of Turkish items final month. It was adopted by Spain with $175 million and the United Kingdom with $131 million.
Exports to Germany within the January-November interval hit $3.3 billion, whereas shipments to Spain and the U.Ok. amounted to $2.5 billion and $1.9 billion, respectively.
As per TIM knowledge, the ready-to-wear sector, which exported to 181 nations and areas in November, held a 7.5% share within the nation’s whole exports throughout the identical interval.
