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Textile Picks Up, Ready Wear Jumps in Exports

TopicalTextile Picks Up, Ready Wear Jumps in Exports

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Textile Picks Up, Ready Wear Jumps in Exports
Textile Picks Up, Ready Wear Jumps in Exports

Textile Picks Up, Ready Wear Jumps in Exports – Turkey’s total exports were down by 3.8% to USD70.7 billion during the first half of 2016. Exports rose by 1.4% for textile and raw materials to USD5 billion, by 7% for ready wear and garment to USD8.7 billion in the same period.

The first half of 2016 has ended already. Textile and raw material industry did with a small exports increase, while ready wear and garment industry achieved a remarkable boost.

In June 2016, Turkey’s overall exports surged by 1.8% to around USD11.9 billion. During January-June 2016, meanwhile, overall exports were down 3.8% to USD70.7 billion.

Textile and raw materials industry achieved 6.3% increase at USD889 million of exports in June. Looking at January-June, the increase was only 1.4% bringing the figure to around USD5 billion. However, ready wear and garment industry recorded 7% hike in exports at USD8.7 billion compared to the same half of 2015. The industry obtained USD1.53 billion income, a 5.2% decline in exports compared to June 2015.

Textile Picks Up; EU: Main Market for Textile Exports

In June 2016 and January-June period, the largest textile and raw materials exports were made to the EU (28) nations in total. Exports to the union were up by 16.6% in June to stand at USD477 million. In the first half of this year, exports to the European Union (28) were up 11.4% to USD2.7 billion.

The second exports destination was the Middle East in June and the first half of 2016. Exports to the region rose by 8.7% to USD105 million in June, while the figure gained 1% to stand at USD585 million during whole January-June.

Italy was the largest exports destination for the first half as the figure was up 3.9% to USD452 million. In the same period, Germany was the second market with an increase of 0.5% to USD420 million. Turkey’s exports grew the most to Bulgaria in June-January as it jumped by 74.1% to be reported at USD274 million.

Weaving Fabrics were Exported the Most

In January-June, based on product groups, weaving fabric was the product which was exported most. Counting for 26.4% of total textile and raw material exports, weaving fabric exports were up by 0.9% to USD1.3 billion. Exports of this product climbed 1.6% to USD225 million in June alone.

The second largest product group was yarn in exports. In the first half of 2016, yarn exports moved up by 1.5% to USD810 million. It rose by 8.2% to USD151 million in June, meanwhile. Counting for 15.7% of total textile exports, home textiles were the third as exports were up by 6.6% to reach USD782 million in the first half. The figure recorded 11.4% hike at USD141 million alone in June. Fiber exports dropped17.2% to around USD250 million during January-June. In the same period, exports of knitted fabrics achieved 6.3% hike to be reported at USD775 million. Exports of technical textiles soared 4.7% to around USD764 million.

Textile Picks Up, Ready Wear Jumps in Exports; Ready Wear and Garment Sustain Growth

Germany, the UK and Spain were the countries that Turkey exported the most in terms of ready wear and garment goods during the first 6 months of 2016. In this period, exports reached USD1.6 billion to Germany, USD1 billion to the UK and USD883 million to Spain. Knitted clothes and accessories were the product groups which were exported the most during the first half with 6% increase at USD4.5 billion income. The second group was weaved cloth with an increase of 9.2% at USD3.2 billion, while other ready goods saw 5.6% hike at USD963 million.

In January-June 2016, carpet exports were down 2.7% to USD972 million, somewhat. Alone in June, carpet exports decreased 10.7% compared to the previous year to USD173 million. In the 6 month period, exports of were down by 26.3% for hand made carpets and by 3.5% for machine carpets. Tufted carpet exports, however, rose by 15.1%. The largest markets for carpet exports were Saudi Arabia, the US, Germany, the UK and United Arab Emirates.

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