Feedback Here

fbook  tweeter  linkin  google
Global contents also translated in Chinese

Coronavirus outbreak to boost apparel exports in Turkey

The Coronavirus outbreak in China is likely to boost Turkey’s apparel exports as a halt in operations in the mainland is expected to shift orders toward Turkey. The apparel industry, which sold goods worth $17.7 billion to foreign countries in 2019, looks to increase its exports to $19 billion this year. Its share in the country's overall exports of $14.8 billion in January 2020 was 10.1 per cent. In all, the country exported apparels worth $1.5 billion during the month.

Around 73.4 of apparels were exported to EU countries, with Germany and Spain being the main destinations. Several fashion retailers manufacture clothing in Coronavirus-hit China are negotiating with Turkish firms to shift their production base to Turkey. Around 1 per cent of the orders would be shifted to Turkey initiatlly that could amount to $2 billion.

The virus outbreak has also prompted many factories to suspend operations as authorities are trying to contain its spread.

 
 
 
LATEST TOP NEWS
 
 
MOST POPULAR NEWS