The US textiles export to Turkey stood at $20.781 million in 2023, showing a gradual decline from previous years. The value has consistently decreased from $22.409 million in 2013, reaching a projected $18.731 million by 2028. The year-on-year variation reveals mixed trends, with sharp declines in some years (e.g., 2016's -25.89%) offset by modest gains in others (e.g., 2014's 19.06%). The compound annual growth rate (CAGR) over the last five years until 2023 stood at -2.34%, indicative of an overall downward trend. Forecasting ahead, the CAGR is expected to be -1.64%, reflecting a continual moderate decline.

Future trends to watch for include shifts in trade policies between the US and Turkey, changes in global textile demand and supply chains, and economic fluctuations impacting either country. Emerging trade agreements or political developments could significantly alter export dynamics. Monitoring these factors will be crucial for anticipating future export values.

Gradual decline in export values from 2013 to 2023
Annual variations show a mix of increases and decreases
Negative overall CAGR indicating a long-term downward trend
Projected further decline in values from 2023 to 2028
Key trends to watch include policy changes, economic conditions, and trade agreements