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Turkish textile exports touch $6.92bn in Jan-Oct'13
29
Nov '13
Turkey’s textile exports during the first ten months of 2013 touched US$ 6.92 billion, indicating an increase of 7.3 percent year-on-year, as per the data released by the Istanbul Textile and Apparel Exporters' Association (ITKIB) and Turkey Exporters Assembly (TIM).
 
According to the October 2013 Export Data Report of TIM, Turkey exported textiles and raw materials worth US$ 6.9 billion during the January to October period, of which woven fabric exports accounted for 33 percent with exports reaching US$ 2.3 billion, during the first ten months of 2013. 
 
The textile and raw material exports during the January to October 2013 period accounted for 5.6 percent of the overall exports from Turkey.
 
Sub-sector wise, the highest exports were from the woven fabric category, which exported goods worth US$ 2.3 billion during the first ten months of the current year, followed by yarn with US$ 1.43 billion, knitted fabrics with US$ 1.40 billion and fibers with exports worth US$ 526 million.
 
According to the data, the European Union (EU) remained the main market for Turkey’s textile products, as 45.4 percent of the country’s total textile exports were destined to EU during the first ten months of 2013. Exports to the Middle East during this period saw an increase of 0.9 percent year-on-year, with textiles and raw materials worth US$ 532 million were destined to the region.
 
Country-wise, Turkey exported textiles and raw materials worth US$ 883 million to Russia, US$ 696 million to Italy, US$ 361 million to Germany and US$ 267 million to Romania during the January to October 2013 period.
 
Of the overall textile exports from the country during January to October, 2013, textiles and raw materials from Istanbul accounted for US$ 3.27 billion, whereas the textile province of Bursa’s exports amounted to US$ 933 million.
 

Fibre2fashion News Desk - India

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