42 C
Lahore
Saturday, May 18, 2024

Turkish textile industry recorded as the 5th largest textile exporter

The Turkish textile industry, the world’s 5th largest textile exporter, reached the highest record of all time with an export value of 12.9 billion dollars with an increase of 33.2 in 2021. The industry has experienced an increase in exports in approximately 85 percent of the more than 200 countries and regions it exports to.

It reached the highest monthly export figure of all times in December, increasing 18.2 percent compared to the same period of the previous year, with an export figure of 1.2 billion dollars. The figures increased by 2.1 percent compared to November 2021 and had a share of 5.4 percent in Turkey’s overall exports.

In December 2021, Turkey’s general exports increased by 24.9 percent and reached a value of 22.3 billion dollars, while exports of industrial products increased by 27.6 percent and reached a value of 16.9 billion dollars. The average capacity utilization rate of the manufacturing industry for the last 12 months was 76.6 percent, according to the capacity utilization report announced by the Central Bank of the Republic of Turkey. In the same period, the capacity utilization rate, which was 80.5 percent in the production of textile products.

Turkey broke the historical record of the republic in exports to European, American, Asian, African Continents and Turkic Republics. We achieved the highest textile export of all time to 96 countries and regions. One of the most pleasing developments for our industry was experienced in our exports to the USA. In 2021, we shipped 839 million dollars’ worth of exports to the USA, one of our biggest target markets. We have been steadily increasing our exports to the USA in the last 3 years. In 2022, textile industry expects to export more than 1 billion dollars to the USA.

The most exports of textiles and raw materials were made to EU (27) countries in the January-December period of 2021. Exports to EU countries reached a value of 12.9 billion dollars with an increase of 33.8 percent compared to the January-December period of last year. While the second group of countries to which Turkey exports the most textiles and raw materials in 2021 was the Former Eastern Bloc Countries, exports to this region increased by 30.2 percent in the January-December period, reaching 1.4 billion dollars. Exports to EU countries on a quantity basis increased by 23.5 percent and amounted to 2.9 million tons in the January-December period of 2021.

Related Articles

Stay Connected

11,285FansLike
394FollowersFollow
9,250SubscribersSubscribe

Latest Articles