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Textile export on increase

30
Apr '07
Textile export reached US $5.6 billion in 2006, increased 14.7 percent as compared to 2005.

Export performance is really good in the face of stable garment trade worldwide, increase in world petroleum prices, emerging competitive environment and stagnation in EU, Turkey's main market.

For January-October 2006 period, capacity use of textile and garment sector has been over 81 percent. New competition environment due the abolishment of quotas, cost conditions and exchange rates determine export performance of textile sector.

The greatest amount of export is realized to EU 25 countries (US $2.5 billion). In 2006, the highest increase was achieved in export to former Soviet Republics. These countries are the second largest group following EU countries. The increase is observed in exports to countries like Russia, Ukraine, Uzbekistan and Kazakhstan.

Among all EU countries, Italy received the highest amount with $588.7 million. Following Italy, Russian Federation comes the second for textile export. Turkey exported $485 million textile goods to this country.

Fibre2fashion News Desk - Turkey


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