Exports of textiles and raw materials by Turkey increased to $7 billion from January-July 2021. As per the ‘Export Performance Report, July 2021’ published by the Istanbul Textile and Raw Materials Exporters’ Association (ITHB), the rate of textile exports increased from 5.6 per cent to 5.9 per cent during the period. In July 2021, this rate increased by 46 per cent to reach $924 million. While textile exports declined by 18.7 per cent in July 2021 their share in Turkey’s overall exports also declined to 5.6 per cent during the month. As per a Textilequence report, Turkey’s overall exports increased 10.2 per cent to $16 billion during the January-July 2021 period.

Most of Turkey’s textile and raw materials during January-July 2021 were exported to the 27 EU countries, exports to which increased by 42.7 per cent to $3 billion. During the first half of the year, Italy emerged as the topmost export destination for Turkey textiles and raw materials. In this period, exports to the country amounted to $619 million with an increase of 58.7 per cent. Germany ranked second with exports worth $575 million, a 21.2 per cent increase from the previous year.

The US with an export value of $472 million was the third largest exported destination for Turkey during the period. Other countries with the highest exports included England, Spain, Bulgaria, Netherlands, Egypt, Belarus and Russia, respectively.

Yarns emerged as topmost exported product by Turkey during January-July 2021 with a 88 per cent increase from previous year. Turkey’s yarn exports increased by 56.5 per cent in July compared to the same month of the previous year The second most exported product group was technical textiles whose exports decreased by 8.5 per cent to reach $1.4 billion during January-July 2021.

In third place, woven fabric exports amounted to $1.3 billion with an increase of 26.1 per cent in the January-July period of 2021, and to $173 million with a decrease of 2.6 per cent in July.

By Fashionating World
https://www.fashionatingworld.com/new1-2/turkey-s-textiles-and-raw-materials-exports-touch-7billion-in-january-july-21