Turkey aiming at great rise in textile exports

by Textile Quotient News Desk
14 Jan 2019

Rated as one of the world’s most prominent textile and clothing producers, Turkey is aiming higher to hit a sizeable rise in exports this year. The textile and RMG sector exports rose 3.8 percent in 2018 to reach $26.1 billion. The country’s Turkey’s exports last year touched an all-time high of $168.1 billion, up from about $157 billion in 2017, as per Trade Minister Ruhsar Pekcan.

According to Ahmet Oksuzz, head of the Istanbul Textile and Raw Materials Exporters Association (ITHIB), the country is targeting to become the world’s top five exporters by raising its share to 5 percent of the global market. The textile exports to the US and Africa picked up last year, along with the EU, Turkey’s main trading partner. “Our sector’s exports to Africa hit an all-time high, topping last year’s target of $1 billion, up 13.5 percent year-on-year,” remarked Ahmet as per whom, Africa is a strategic target market for the Turkish textile sector and South America and the Far East have been identified as this year’s targets. “We will carry out projects for the Japanese and South Korean markets,” he added.

Head of the Istanbul Apparel Exporters’ Association (İHKİB), Mustafa Gültepe, said, “We project that clothing sector exports will grow 10 percent on a yearly basis in 2019. In the mid- and long-term, the ready-wear sector aims to export $33 billion in goods annually.” Turkish exporters will focus on the US market along with their biggest market, Europe, Russia, the Middle East, and North Africa are also among our target markets,” he added.

The Turkish RMG sector is very well equipped and can do quick product turnaround as majority of the units have integrated facilities, strong design infrastructure, experience, know-how, and highly skilled  labour force.

News Region Turkey

About Textile Quotient

Textile Quotient has been launched to give latest news, views and analysis of the global textitle industry, right from fibre to retail. Our focus would be the management, manufacturing, and product strenght of various companies dedicated to textitle and apparel business.

© Copyright 2019 by Textile Quotient
Delivered by Cobold Digital