Business

The Turkish textile industry reached a historical peak with an export of $12.9 billion

The Turkish textile industry continues to maintain its rise in exports. The textile industry reached a record in the history of the Republic with exports worth $12.9 billion in 2021. The textile industry, which achieved a 33.2% increase in exports in 2021, experienced an increase in exports in approximately 85% of more than 200 countries and regions to which it exports.

Ahmet Oksuz, Chairman of the Board of Istanbul Textile and Raw Materials Exporters’ Association, said, “In 2021, we reached the highest export record of all time with exports worth $12.9 billion. We are justifiably proud of achieving our goals. New goals, new horizons are next. We will crown the export success we achieved in 2021 with textile exports worth $15 billion in 2022.”

EXPORT TO MORE THAN 200 COUNTRIES AND REGIONS, BREAKING RECORD IN 96 COUNTRIES

Oksuz said, “In 2021, we exported to 200 countries and regions. Our exports increased in approximately 85% of the countries we export to. We broke the historical record of the republic in exports to Europe, America, Asia, African Continents and Turkic Republics. We realized the highest textile export of all time to 96 countries and regions. One of the most pleasing developments for our industry was experienced in our exports to the USA. In 2021, we exported $839 million worth of exports to the USA, which is one of our biggest target markets. We have been steadily increasing our exports to the USA in the last 3 years. In 2022, we anticipate exporting more than $1 billion to the USA.”

Providing information about the largest export markets of the textile industry, Oksuz said, “The countries to which we exported the most in 2022 were Italy with an increase of 52.5%, Germany with an increase of 11.2% and the USA with an increase of 33.7%. In 2021, our exports to the European Union countries, our biggest export market, increased by 33.8% and amounted to approximately $6 billion. We foresee that our exports to the EU will reach $7.5 billion in 2022.”

“OUR SUCCESSES IN OUR SUB-INDUSTRY WILL CONTINUE IN 2022”

Underlining that home textiles worth $2.3 billion and knitted fabrics worth $2.1 billion were exported in 2021, Oksuz said, “We have reached the highest export levels of all time in our home textile and knitted fabric sectors. We get a share of over 10% from home textile imports of our biggest export market, the EU. In the Knitted Fabric sector, we are the largest supplier of the EU. The Turkish knitted fabric sector has a share of 42.4% from the EU’s knitted fabric imports. We foresee that our success in the home textile and knitted fabric sectors will continue in 2022. In addition, we will make an export attack in our woven fabric and technical textile sector in 2022.”

“TOGETHER WE WILL ACHIEVE $15 BILLION OF EXPORT IN 2022”

Emphasizing that the Turkish textile industry is the 5th largest textile exporter in the world, Oksuz said, “Our textile industry is the second supplier of EU countries. Our goal is to set a new record with exports worth $15 billion in 2022. Especially in 2021, our companies strengthened their position in the supply chain by putting new investments into operation rapidly. In 2022, we will be champions not only in exports but also in investments, investments of ₺10 billion will be activated in a short time. In this context, we are rapidly approaching our goal of becoming one of the world’s top 3 textile exporting countries in the medium term.”

Source: Hurriyet / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published.

Back to top button