Hüseyin Memişoğlu, President of the Denizli Exporters’ Association (DENIB), announced the latest export figures for November, highlighting both challenges and opportunities in the region’s trade performance.
Turkey’s overall exports grew by 5.2% in November, reaching $24 billion. However, Denizli’s exports, as reported by the Turkish Exporters’ Assembly (TIM), declined by 11.4% to $324 million. Exports recorded directly by DENIB saw a 6% decrease, totaling $255 million.
Sectoral Performance
A sector-wise analysis revealed mixed results:
- Textile and garment exports dropped by 13% to $104 million.
- Electrical and electronics exports increased by 2% to $67 million.
- Iron and non-ferrous metals exports fell by 12.4% to $40 million.
- Agricultural exports surged by 20% to $35 million.
- Mining exports grew by 6.5% to $21 million.
Country-Specific Insights
Exports to Denizli’s key trading partners reflected varying trends:
- UK: Down by 14.4%, amounting to $41.5 million.
- Germany: Declined by 4.5% to $33.5 million.
- USA: Decreased by 25.3% to $24.5 million.
Despite overall declines, notable increases were observed in exports to Tunisia, Ireland, Greece, and Libya. Denizli exported to 185 countries during the January-November period.
Challenges Impacting Exports
Memişoğlu pointed to Turkey’s manufacturing PMI (Purchasing Managers’ Index) data as a key indicator of the economic environment. The PMI for November fell to 47.2 from 48.4 in October, marking the fifth consecutive month below the threshold of 50, which indicates contraction. Declines in production, new orders, purchasing activities, and employment have impacted export performance.
Additionally, a high base effect from the previous year also played a role in the reduction in export figures for 2023.
Looking Ahead to 2024
To strengthen Denizli’s export performance, DENIB has undertaken nearly 20 overseas marketing programs in 2023, focusing on building sustainable ties with international buyers. The association is gearing up for its participation in Heimtextil 2024, one of the largest global trade fairs for textiles, set to take place in January in Frankfurt, Germany.
“Our main goal is to ensure sustainable exports by reaching more buyers in international markets while maintaining our commitment to quality,” said Memişoğlu. He emphasized DENIB’s dedication to contributing to Denizli’s and Turkey’s economies through innovation, collaboration, and strategic market expansions.
DENIB aims to continue its efforts to boost exports, support local businesses, and explore new opportunities to ensure long-term growth in 2024 and beyond.
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