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Turkiye: Record exports of $8.8 billion in 5 months from ready-made clothing and apparel

The ready-to-wear and apparel industry broke the first 5-month export record of all time with exports of $8.8 billion in January-May 2022.

According to the data of the Turkish Exporters Assembly (TIM), Turkiye’s exports increased by 15.2% in May compared to the same month of the previous year and amounted to $19 billion. With the said value, the highest May export figure of all time was reached.

In the January-May period of this year, exports increased by 20.4% compared to the same period of the previous year, reaching $102.5 billion. The annualized export value, on the other hand, reached $242.6 billion.

The ready-to-wear and apparel industry, which made an export of $1 billion 300 million in May 2021, achieved an export of $1 billion 339 million with an increase of 3% in the same period of this year.

The ready-to-wear and apparel industry realized exports of $8.8 billion in January-May 2022, with an increase of 15.8% compared to the same period of the previous year. Thus, the highest January-May exports of all times were achieved.

$906 million of the sector’s exports last month was made from Istanbul. Bursa followed Istanbul with $112 million 128 thousand and Izmir with $94 million 278 thousand.

The sector made the most foreign sales to Germany in May

Last month, the country with the highest export sales in the ready-made clothing and apparel sector was Germany with $217 million. Germany was followed by Spain with $181 million and the United Kingdom with $135 million.

Looking at the country groups to which the most exports were made last month, EU countries ranked first with $817 million, other European countries with $179 million, and Middle East countries with $105 million.

According to TIM data, the ready-made clothing and apparel industry, which exported to 174 countries and regions last month, received a 7.1% share of the country’s total exports in the same period.

Source: Trthaber / Translated by Irem Yildiz

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