Exports of Textiles and Raw Materials From Turkey Touched US$ 7.7 Billion in Jan-Nov'13

Exports of textiles and raw materials, excluding apparel, from Turkey touched US$ 7.7 billion during the first eleven months of 2013, indicating an increase of 7.1 percent, compared to the same period last year, as per the data released by the Istanbul Textile and Apparel Exporters' Association (ITKIB) and Turkey Exporters Assembly (TIM).

According to the November 2013 Export Data Report of TIM, Turkey exported textiles and raw materials worth US$ 7.7 billion, of which woven fabric accounted for 33.7 percent, with exports reaching US$ 2.6 billion during the January to November, 2013 period.

The textile and raw material exports during the January to November 2013 period accounted for 5.6 percent of the overall exports from Turkey.

Sub-sector wise the highest exports were from the woven fabric category which exported goods worth US$ 2.6 billion during the period, followed by yarn with exports worth US$ 1.6 billion, knitted fabrics with exports worth US$ 1.56 billion and fibre with exports worth US$ 590 million during the first eleven months of 2013.

According to the data, the European Union (EU) remained the main destination of textile exports from Turkey, as 45.9 percent of its overall textile and raw materials during the period were destined to the EU. Turkey exported textile and raw materials worth US$ 3.5 billion to the EU during the January to November period.

Exports to the Middle East recorded a surge of 2.8 percent year-on-year, with Turkey exporting textile and raw materials worth US$ 595 million to the Middle East during the period.

Country-wise, Turkey exported textiles and raw materials worth US$ 957 million to Russia, US$ 782 million to Italy, US$ 410 million to Germany and US$ 304 million to Romania during the January to November 2013 period.

Of the overall textile exports from the country during January to November, 2013, textiles and raw material exports from Istanbul accounted for US$ 3.6 million whereas the textile province of Bursa’s exports amounted to US$ 1.47 billion.