INVESTIGATION OF SYMMETRIC AND ASYMMETRIC CAUSALITY OF KNITTED GARMENT FOREIGN TRADE BETWEEN TURKEY AND GERMANY

Özet

Öz Turkey and Germany are the two most important exporters of knitted garments in the world. Germany is also an important knitted garment export market for Turkey. İn this respect, knitted garment trade between Germany and Turkey has a strategic importance that should be managed strategically. Therefore, determining the causality of knitted garment trade between Turkey and Germany will contribute to the strategic management of foreign trade. The aim of this study is to determine the symmetric and asymmetric causality of knitted garment trade between Turkey and Germany using the two countries’ knitted garment export data. Results show that changes in Turkey's knitted garment export affects Germany’s knitted garment export but that changes in Germany’s knitted garment export does not lead to a change in Turkey’s export. This result indicates that knitted garment trade between Germany and Turkey is more advantageous for Turkey and confirms that Germany is an important knitted garment export market for Turkey. On the other hand, the top 5 countries that Turkey exports most knitted garment products are Germany, United Kingdom, Spain, Iraq and Holland while the top 5 countries that Germany exports most knitted garment products are Switzerland, Austria, France, Holland and Poland. In conclusion, we believe that the results of this study will provide foreign trade managers with important information on the strategic management of knitted garment foreign trade.