According to global textile and raw materials foreign trade data, the Turkish textile sector is the world’s fifth largest textile exporter in 2023, with an export value of $11.7 billion.
The 2023 assessment of the World Textile and Raw Materials Sector Foreign Trade Report has been released. The report indicates that global textile and raw materials exports decreased by 10.5% in 2023, totaling $344 billion.
When examining global textile and raw materials exports by subcategories, woven fabrics ranked as the second most exported product group with a 21.4% share. Woven fabric exports decreased by 10.2%, amounting to $73.5 billion. Knitted fabric exports also saw a decline of 12.9%, reaching $37.3 billion.
Türkiye’s Share in Woven Fabric Exports is Increasing
In global woven fabric exports, China remains the leading exporter with a 53.8% share. China’s woven fabric exports decreased by 8.4%, totaling $39.5 billion. The European Union countries followed with $12.8 billion, and India with $3.7 billion. Türkiye’s woven fabric exports decreased by 5.5%, totaling $2.4 billion. Türkiye’s share of global woven fabric exports in 2023 was 3.2%, moving from fifth to fourth place in the global rankings.
For knitted fabrics, China leads with a 57.7% share. China’s knitted fabric exports decreased by 9.7%, amounting to $21.6 billion. The European Union countries are in second place with an 11.3% share and exports worth $4.2 billion. Türkiye is the world’s third largest supplier of knitted fabrics, with a 5.2% share and $1.9 billion in exports. Türkiye’s knitted fabric exports contracted by 6.1% in 2023.
