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EU accounts for 48.6% of Turkish textile exports in Jan'14
26
Feb '14
The European Union (EU) accounted for 48.6 percent of the overall textiles exports, excluding apparel, from Turkey, during the month of January, with the country exporting textiles worth US$ 373.65 million to the EU, as per the data released by the Istanbul Textile and Apparel Exporters Association (ITKIB).
 
According to the ITKIB data, of the total $ 769.21 million textile exports made from Turkey during the month of January 2014, $373.65 million textile exports were destined to countries in the EU, indicating a rise of 19.8 percent year-on-year.
 
Meanwhile, textile exports from Turkey to the Middle East also incurred a surge of 65.8 percent during the month of January, with exports of textiles amounting to $78.48 million, accounting for 10.2 percent of the overall textile exports from Turkey during January 2014.
 
Country-wise, as per the ITKIB data, Italy was the main destination for textile exports from Turkey with the country exporting $94.57 million worth of textiles during the month of January, accounting for 12.3 percent of the overall textile exports from Turkey.
 
Russia ranked second with Turkey exporting textiles totaling $69.64 million to the country, accounting for 9.1 percent of the overall textile exports, followed by Germany with $39.10 million, Ukraine with $31.07 million, the UK with $30.63 million and Romania with $27.84 million.
 
Sub-sector wise, during the month of January 2014, Turkey exported woven fabrics worth $247.25 million, yarn worth $161.63 million, knitted fabrics amounting to $142.29 million and fibre totaling $56.17 million, non-wovens worth $37.82 million and other textiles worth $124.03 million.
 
Last year, the country exported textiles and raw materials worth US$ 8.39 billion, registering an increase of 7 percent year-on-year.
 

Fibre2fashion News Desk - India


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