Fashion
Turkiye’s exports up 1.3%, imports rise 2.6% YoY in Nov 2025
In January-November 2025, exports were worth $247.23 billion—a 3.6-per cent increase, while imports during the period were worth $329.698 billion—a 5.7-per cent increase YoY.
In November, foreign trade deficit amounted to $7.982 billion—a 6.3-per cent increase YoY. In January-November 2025 period, it was $82.674 billion—a 12.6-per cent increase YoY.
Turkiye’s exports were worth $22.536 billion in November—a 1.3-per cent increase YoY, while imports were worth $30.518 billion—a 2.6-per cent rise YoY, according to provisional official data.
Foreign trade deficit in the month was $7.982 billion—a 6.3-per cent increase YoY.
The main partner country for exports in November was Germany, while the top country for imports was China.
Exports excluding energy products and non-monetary gold were worth $21.296 billion in November—a 3.2-per cent increase YoY.
Imports excluding energy products and non-monetary gold were worth $23.25 billion in the month—a 6-per cent increase YoY.
Foreign trade deficit excluding energy products and non-monetary gold was $1.854 billion in November.
Foreign trade volume in the month was worth $44.647 billion—a 4.6-per cent increase YoY.
In November, the share of the manufacturing sector in total exports was 93.2 per cent, a Turkstat release said. In January-November 2025, that share was 94.4 per cent.
The main partner country for exports in November was Germany, with exports worth $1.855 billion. It was followed by the United Kingdom ($1.378 billion), the United States ($1.338 billion), Italy ($1.222 billion and Iraq ($1.163 billion. The share of these five countries in Turkiye’s total exports was 30.9 per cent in the month.
In January-November 2025, the main partner country for exports was Germany, with exports worth $20.408 billion. It was followed by the United Kingdom ($15.19 billion), the United States ($14.764), Italy ($12.204 billion) dollars and Iraq ($11.45 billion). The share of these five countries in total exports was 29.8 per cent during the period.
In November, the top country for Turkiye’s imports was China, with imports worth $4.153 billion. It was followed by Russia ($3.128 billion), Germany ($2.491 billion), Switzerland ($2.32 billion), the United States ($1.488 billion). The share of these five countries in total imports was 43.6 per cent.
In January-November 2025, the top country for imports was China, with imports worth $44.927 billion. It was followed by Russia ($38.625 billion), Germany ($27.87 billion), the United States ($16.59 billion), Switzerland ($14.312 billion). The share of these countries in imports was 42.8 per cent.
In November, seasonally- and calendar-adjusted exports and imports increased by 2.2 per cent and 1.2 per cent month on month (MoM) respectively; the YoY increases were 4.6 per cent and 6.1 per cent respectively.
Fibre2Fashion News Desk (DS)
Industrial production accelerated in the second half of 2025, contributing to the creation of 1.12 million jobs and pushing unemployment down to 6.2 per cent. Record disbursements from the EU Recovery and Resilience Facility, which reached €86 billion (~$101.48 billion) by end-2025, also supported investment and labour market strength, Natixis said in a press release.
Trade dynamics remain mixed. While EU goods exports rose 3.5 per cent, the increase was largely influenced by Ireland, with exports excluding Ireland declining 5 per cent. Exports to China continued to contract, reflecting structural market share erosion. Nevertheless, new trade agreements with Mercosur and India and expanding intra-EU trade are expected to partly offset external headwinds.
Natixis expects Europe to record moderate but resilient growth in 2026, supported by public investment, industrial recovery and stable inflation.
EU exports show mixed trends, while quarterly growth is forecast at 0.3-0.4 per cent.
Germany and Iberia are set to outperform, Italy may lag, and Central Europe remains resilient.
UK growth is projected to soften as inflation moves towards target.
Natixis forecasts quarterly EU growth of 0.3-0.4 per cent throughout 2026, underpinned by strong labour markets, higher industrial production and supportive monetary conditions following European Central Bank (ECB) rate cuts. However, fiscal expansion aimed at defence, green energy and digital infrastructure is placing pressure on public finances, with debt ratios projected to reach 119 per cent in France, 132 per cent in Italy and 110 per cent in Belgium by 2027, while Germany and the Netherlands retain greater fiscal flexibility.
Inflation across the euro area is expected to remain near target at around 1.9 per cent in 2026, rising slightly to 2 per cent in 2027, allowing the ECB to maintain rates with a dovish bias. Natixis indicated that a stronger euro, particularly above 1.25 against the US dollar, could prompt rate cuts to preserve competitiveness.
Country-level outlooks point to divergent performance. Germany is positioned for stronger growth following a major fiscal package, supported by rising manufacturing orders and wage increases that should bolster consumption. France is expected to see growth improve to 1.1 per cent in 2026 after political uncertainty weighed on performance, though US tariffs have affected key export sectors such as wine and cosmetics.
Southern Europe shows a two-speed pattern, with Spain and Portugal projected to expand above 2 per cent, supported by robust labour markets, low inflation and effective use of EU funds. Italy is forecast to grow 0.9 per cent, constrained by weak domestic demand and high interest costs. Debt reduction progress is most notable in Portugal and Spain, while Italy faces persistent structural challenges.
Central Europe is emerging as another area of resilience. Poland, the Czech Republic and Hungary are benefiting from strong domestic demand and real wage growth of 7-11 per cent, driven partly by Recovery and Resilience Plan investments. Poland is expected to grow 3.5 per cent in 2026, while Hungary’s growth could accelerate if political developments unlock suspended EU funds.
In the UK, growth is projected to ease from 1.3 per cent in 2025 to 1.1 per cent in 2026 amid softer trade and labour market conditions. Inflation is expected to return to the 2 per cent target by spring 2026, supporting expectations of at least two Bank of England rate cuts during the year.
Fibre2Fashion News Desk (SG)
As tensions between the United States and Iran push oil markets higher, apparel faces deeper risk in polyester, which dominates global fibre output.
Any disruption in the Strait of Hormuz can quickly reprice petrochemical inputs like PTA and MEG.
Even without a full closure, volatility can squeeze mill margins and destabilise polyester-heavy supply chains.
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The Puerto Rico-inspired cleat introduces a vibrant new Lindor v3 colorway created with powerhouse shortstop Francisco Lindor featuring a repeating Coquí frog pattern of Puerto Rico’s national animal. The Japan model debuts as an Ohtani v1 colorway honoring Shohei Ohtani and incorporating Japan’s national colors and the Flag of Japan through a navy boot with a striking metallic red New Balance “N” Lock logo.
New Balance has introduced its International Baseball Pack, a series of performance cleats celebrating the heritage of its global athletes.
The collection includes country-inspired versions of the Lindor v3, Ohtani v1, 3000 v7, 4040 v8 and Velo v4.
Designs pay tribute to Francisco Lindor, Shohei Ohtani and others, featuring national colours, symbols and cultural details.
“I wanted the design to honor the spirit of the island I love,” said Francisco Lindor, New Balance athlete. “The Coquí frog’s sound is such an iconic symbol for Puerto Ricans, and bringing that to life on the Lindor v3 makes this cleat truly meaningful to me.”
Additional cleats in the collection include designs celebrating New Balance athletes Cal Raleigh (USA), José Altuve (Venezuela), Jeremy Peña (Dominican Republic), and Ha-Seong Kim (South Korea).
“As fans of baseball first, we have deep appreciation for the distinct styles and rhythm of play that each culture brings to the game,” said Matt Nuzzo, Sr. Product Manager, American Football and Baseball Footwear at New Balance. “The International Baseball Pack celebrates and reflects the pride of our international roster. Being able to celebrate spirit of our athlete’s home countries was incredibly meaningful to us.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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