Home / Knowledge / News / Apparel/Garments / Removal of quota proves beneficial for export to Turkey
Removal of quota proves beneficial for export to Turkey
22
Aug '08
It has been observed that Vietnamese textile and garment exporters took full advantage of removal of quota, to push up export to Turkey.

In the first half of 2008, country earned US $26.8 million, by exporting textile and garment products which depicts a year-on-year rise of 59 percent. In June itself, the figures reached $5.7 million, showing growth of 10 percent compared to May and 11 percent over June 2007.

Here, a point is worth noting, removal of quota has brought great change in import structure of textile and garment industry of Turkey. Now, the country imports finished products from Vietnam rather than buying raw materials and that was clearly reflected in export growth rate in the first six months.

Among the various export products, fabric gained highest export value of $12.1 million at 4.31 percent increase rate. Whereas products like jacket suits, trousers, sweater, shirts also experienced considerable growth.

Vietnam exported more than 312,000 pieces of jackets Turkey worth $ 5.3 million, showing rise of 160 percent in volume and 219 percent in value.

Trousers could fetch $1.9 million with increase of 217 percent with respect to value whereas T-shirts soars to rise of 207 percent in volume and 388 percent value wise.

Next is sweater that gained 56 percent in quantity and 52 percent in value. Shorts also showcased with growth of 10.67 and 7.6 percent in volume and value respectively.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Textiles | On 23rd Aug 2017

US govt initiates Section 301 investigation of China

The US government has initiated an investigation of China under...

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Pakistan minister seeks ideas to boost textile sector

The Pakistani Government will come out with short- and long-term...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search