Exports of garments from Turkiye, Saudi Arabia to Saudi Arabia fell to $172.870million in 2020, as compared with the shipment value of $268.612 millions in 2019. Due to the COVID-19 epidemic, trade suffered severe consequences. Due to restrictions on trade, the shipment fell to below 10 percent in 2021, and to $14.415million in 2021, from $172.870 millions in 2020. Fibre2Fashion market insights tool TexPro.
Trade has been positive because of the efforts made by both countries to normalize their relations. Leaders’ visits also played an important role in the normalisation of relations. According to the report, Turkiye’s apparel exports to Saudi Arabia grew 342 percent to $62.730 Million in 2022. TexPro. According to reports, the trade recovery continued for the second half of this year.
Turkiye’s exports of garments to Saudi Arabia are now at a high point after years of tensions in trade and diplomatic relations, following the assassination of Jamal Khashoggi. Turkiye’s garment exports from Saudi Arabia increased 342 percent to $62.730million in 2022 after efforts were made to normalize relations, which included leaders’ visits.
Exports of garments were negligible up to mid-2022. The shipment value was only $5.038million in Q2 2022. This increased dramatically to $23.231million in Q3 of 2022, and $30.231million in Quarter 4 of 2022.
Fibre2Fashion News Desk (KUL)