Views: 0 Author: Site Editor Publish Time: 2023-04-28 Origin: Site
Turkiye's garment exports to Saudi Arabia rebounded sharply following a period of strained diplomatic and trade relations after the 2018 assassination of Saudi journalist Jamal Khashoggi. Bilateral trade, including garment exports, had been impacted by tensions between the two nations. However, both countries have taken steps to normalise their relations, resulting in a three-fold increase in garment exports in 2022.
Garment exports from Turkiye to Saudi Arabia declined to $172.870 million in 2020, compared to the $268.612 million shipment value in 2019. The trade was also severely impacted by the COVID-19 pandemic. The shipment further decreased to less than 10 per cent in 2021 due to trade restrictions, crashing to just $14.415 million from $172.870 million in 2020, according to Fibre2Fashion's market insight tool TexPro.