Exports Skyrocket in the Turkish Textile Sector
A textile is a flexible artificial material made up of a network of natural or synthetic fibers woven or knitted together or pressed into felt. Textiles include all forms of clothing and shoes, as well as anything that may be worn!
Textiles are a large part of our daily lives. Whether it’s the clothes we wear, the furniture we sit on, or the carpeting in our homes, textiles are everywhere. There are so many different textiles and their uses differ. From the clothes you wear to the shoes on your feet, we see textiles everywhere. There is a textile for every occasion, from silk to wool. Textiles are versatile and come in many different colors and textures. Thus, textiles are an integral part of our lives.
With this being the case, textiles are one of the most traded products in the world. Textile, one of the most significant sectors globally, is also one of the top sectors in Turkey. Turkey was the seventh-largest textile exporter in 2020, with a total transaction value of $28.5 billion. With China’s demand declining, it appears likely that Turkey will continue to rise to the top in the near future. Some Chinese investments have already shifted to Turkey. China is projected to lose big investors in the near future, reducing its influence in the textile business.
All-Time High Record in Textile
The textile industry in Turkey recently reached a record in the history of the republic era, with exports worth 12.9 billion dollars in 2021. The textile sector saw a 33.2 percent rise in exports in 2021, with shipments increasing in around 85 percent of the more than 200 nations and regions to which it sells.
With exports of 1.2 billion dollars in December, the industry set a new high, up 18.2 percent over the same month the previous year.
In 2021, Turkey exported to 200 countries and regions. Turkey’s exports to approximately 85% of the countries it exports to have increased. Turkey broke the historical record of the republic in exports to Europe, America, Asia, African Continents, and Turkic Republics.
Turkey reached the highest textile export of all time to 96 countries and regions. One of the most pleasing developments for Turkish sectors was exports to the USA. In 2021, it exported 839 million dollars’ worth of exports to the USA, which is one of its biggest target markets. Turkey has been steadily increasing its exports to the USA in the last 3 years.
Turkey Expects Higher Exports
In 2022, Turkey expects to export more than 1 billion dollars to the USA. Last year, Turkey’s highest exports were Italy with an increase of 52.5 percent, Germany with an increase of 11.2 percent, and the USA with an increase of 33.7 percent. In the same year, exports to the European Union countries, the largest export market, increased by 33.8 percent and amounted to approximately 6 billion dollars. Turkey expects exports to the EU to reach 7.5 billion dollars in 2022.
The Target is to Reach 15 Billion Dollars in Exports by 2022
The Turkish textile industry is currently the 5th largest textile exporter in the world. Furthermore, the Turkish textile industry is the second supplier of EU countries. Turkey’s brand-new goal is to set a new record with exports worth 15 billion dollars in 2022. In this context, Turkey will organize its Exhibition Istanbul Fair, which they aim to hold in Istanbul in 2022 in cooperation with ITO and ITHIB. The fair will be like Premiere Vision Paris, London Textile Fair, Munich Fabric Start and Techtextil Frankfurt. ITHIB’s participation in fairs will play a significant role in Turkey’s export moves.
Especially in 2021, Turkey’s companies strengthened their position in the supply chain by putting new investments into operation rapidly. In 2022, Turkey plans to be champions not only in exports but also in investments as investments of 10 billion liras will be activated in a short time. In this context, Turkey will rapidly approach their goal of becoming one of the world’s top 3 textile exporting countries in the medium term.
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Turkish Goods has one of Turkey’s most comprehensive supplier databases, which is always up to date! Our professional team is ready to support you with helpful information on importing goods from Turkey. We are constantly available to export high-quality textile items thanks to our cutting-edge technology. Our team of experts will locate the most dependable producers, oversee quality control and inspection, and accompany the shipment at a fair cost.
