According to the export report published by the Istanbul Textile and Raw Materials Exporters’ Association (ITHIB), Turkey’s textile exports increased by 41 per cent to $8.2 billion during the January-August period of 2021. In August, the sector’s exports increased by 36 per cent to $1 billion compared to the same period of the previous year, reaching the highest August export figure of all time.
AhmetÖksüz, Chairman, ITHIB, predicts, by the end of the year, Turkey will reach its export target of $12 billion by breaking the historical record of the Republic. Together with the ready-to-wear industry, the industry aims to have a foreign trade surplus of $18.6 billion at the end of the year.
Öksüz disclosed that Turkey rose to the fifth rank in world textile exports in 2020, and its market share continues to increase in the European Union countries. The industry recorded significant increases of up to 60 percent in all country groups, especially in the American countries, other European countries and Former Eastern Bloc Countries, besides the EU.