The Turkish textile industry appears to be recovering from the jolt of global recession, and is now establishing its importance in the country's economy yet again.
Figures for the month of August reveal that, exports from the textile industry have surpassed those of the automotive industry, which was earlier considered to be the mainstay of Turkish exports.
As per the records of the Turkish Exporters' Assembly, textile and garment shipments amounted to $1.18 billion last month, whereas those from the automotive sector totaled to only $1 billion.
Denizli, the Aegean province, is the most vital contributor in the country's textile manufacturing and exports, contributing around 18 percent of the same.
Denizli is a center of home textiles, marbles, cables and dried fruits and accounts for about $2 billion export yearly. It ranks eighth among the exporting cities of Turkey.
During the economic slowdown, the city's economy had been marked by several cases of insolvency at high levels and had experienced no growth at all. But it has recovered once again.
Around 65 percent, of the city's total exports, is constituted by textiles, as it aims to achieve an export mark of $1.25 billion in 2010.
It has been proved again that the city's textiles are crucial for the economy. 2008 had registered a textile export of $1.3 billion. It had declined to $1 billion in 2009, thereby recording a negative growth of around 30 percent.
Fibre2fashion News Desk - India
20240830145952.gif)
20240925092649.png)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
