Relations between Turkiye and Saudi Arabia had been strained in the aftermath of the 2018 assassination of Saudi journalist Jamal Khashoggi, with bilateral trade—including the textile sector—suffering as a result. The two countries’ efforts to normalise the relationship have resulted in a significant increase of clothing exports.
Turkiye’s clothing exports to Saudi Arabia increased by 14-fold in Q1 2023 to $52.242 millions, an impressive increase over the same time period last year.
Turkiye’s clothing exports increased by nearly $62.730 in value in 2022. This is a significant increase in trade between the two countries.
Textile trade is changing between the two nations. Turkiye garment exports were $3.592 in Q1, 2020, and $5.038 in Q2. Then, in the Q4 of that same year they jumped to $30.867 million. This culminated in the Q1 this year at $52.242 millions. Turkiye’s total apparel exports in 2022 were $62.730million. This is a remarkable increase of more than four times the amount exported in 2021, when it totaled just $14.415. Fibre2Fashion’s market insight tool TexPro.
Due to diplomatic problems, Turkiye’s garment exports experienced a decline in 2021. The leaders of both countries took action to rectify the problem. Exports to Saudi Arabia have recovered from a 91 percent drop to $14.415 millions in 2021, down from 172.870 dollars in 2020.
Fibre2Fashion News Desk (KUL)