Homepage / CLOTHING / Turkish textile sector made 74 thousand $ per minute export
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CLOTHING

Turkish textile sector made 74 thousand $ per minute export

The Turkish textile sector managed to close the year 2017 by maintaining its position as the second largest supplier in the European Union and the seventh largest supplier in the world. Turkish textile signed a total of $ 10.1 billion worth of exports in the past year. Istanbul Textile and Raw Materials Exporters’ Association (İTHİB) Chairman Ismail Gülle, who refers to Turkey as “Turkey with a foreign trade surplus” states: “our country has exported 74 thousand dollars in value in the textile sector per minute. Just imagine how much these figures will increase if we were to become a country that exports 24/7.”

Ismail Gülle, who showed the added value of the textile sector with figures, said, “We have exported our goods for 5 dollars per kilo in a competitive market such as the US, for 866 million dollars in the home of fashion, Italy, and we have exported high value-added exports to Sri Lanka, the other end of the world for 10 dollars per kilo. The Turkish Textile sector is exporting to the EU countries with prices that are above average in the EU import prices.

NEW TARGET MARKET: AFRICA

Gülle, who has emphasized that they are one of the sectors covering the current account deficit in Turkey states: “with 1.6 billion dollars in home textiles in 2017, 1 billion dollars in knitted fabric, 850 million dollars in woven fabric, we gave 120 million dollars of trade surplus in technical textiles. Turkish Textile and Ready-to-wear sectors have given over 200 billion dollars in foreign trade surplus in the past 20 years.”  Just like the President Recep Tayyip Erdogan has emphasized, Gülle once again reminded that Turkey’s new market is Africa. “Today, Africa’s imports from the world are worth 470 billion dollars. Meanwhile, Turkey’s total exports to Africa are 11 billion dollars. As the textile sector, we are responsible for 1 billion dollars of these exports. We will increase our share in the African market in 2018, “he said.

 

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