Germany, UK, Spain absorb half of Turkey’s textile exports

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Turkey’s ready wear and confection sector shipped goods to more than 160 countries in August but, three countries, namely Germany, the U.K and Spain absorbed nearly half of the industry’s $1.5 billion worth exports in the month.

The sector’s export increased nearly 11 percent on an annual basis in August, according to data by state-run Anadolu Agency.

In August, the ready wear and confection industry became the largest exporting market, overtaking the automotive sector.

The industry’s shipments to Germany rose by 7 percent year on year to $271 million, making it local ready wear and confection companies’ largest export market.

Spain purchased $250 million worth of textile products from Turkey in August, a 14 percent increase on an annual basis.

The U.K was the third-largest export market for garment companies as it increased its imports from Turkey by 27 percent to some $184 million.

The industry’s exports to the Netherlands rose 33 percent to $125 million while shipments to France went up 11 percent to $78 million in the month. Exports to the U.S leaped 30 percent year on year to $72 million.

The sector’s exports to the European Union jumped nearly 16 percent to stand at $1.2 billion, according to the data.

Exports by Istanbul-based companies increased by 6.5 percent to reach $1 billion.

In the first seven months of the year, Turkey’s ready wear and confection exports, however, declined by 12 percent compared with the same period of 2019 to stand at $10.3 billion.

Hurriyet Daily News

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