A protocol modifying the Preferential Commerce Agreement (PTA) between Azerbaijan and Turkiye was signed, demonstrating Azerbaijan’s confidence in the continued expansion of bilateral commerce. Turkiye’s clothing exports to Azerbaijan have increased significantly over the past five years, increasing by more than 150%, and its fabrics exports have also increased considerably. Turkiye is finding increasing success selling its textiles in Azerbaijan.
Mikayil Jabbarov, the minister of economy of Azerbaijan, tweeted that “the implementation of the document will give a further impetus for increasing the trade turnover with the brotherly country.”
Turkiye’s exports of clothing and textiles to Azerbaijan have grown significantly in recent years. Exports increased from $28.286 million in 2018 to $87.620 million in 2021. However, exports did see a dip and only reached $75.186 million in 2022. Compared to commerce in 2018, outbound exports surged by 167% in 2022. Exports were reported at $34.701 million in 2019 and $38.890 million in 2020, according to TexPro, a market research tool from Fibre2Fashion.
In the last five years, fabric shipments to Azerbaijan have almost quadrupled. Shipments increased from $14.623 million in 2018 to $26.316 million in 2022. According to information gathered from TexPro, exports were valued at $22.224 million in 2021, $18.294 million in 2020, and $18.431 million in 2019.
Azerbaijan is a developing market for Turkiye’s textiles and clothing, but it is still tiny. It only comprised 0.41% of Turkiye’s $18.449 billion total garment exports in 2022.
