Continuing with the rising trend seen during the post-pandemic period in 2020, Turkey’s apparel and home textiles exports are expected to show upward trend during the upcoming period of 2021. Turkey’s exports to the U.S. considerably increased last year. Exports to the UK have also grown after the post-Brexit trade agreement took effect this year.

In 2019, Turkey’s apparel and home textiles exports were USD 20.73 billion with monthly average of USD 1.73 billion.

 

It showed a slight drop of 2.91 percent to USD 20.13 billion in 2020. It is forecast that these exports will reach monthly average exports of USD 1.80 billion during January-August 2021, with a rise of 7.48 percent compared to the monthly average exports of USD 1.68 billion in 2020.

 

Last year, Turkey’s apparel and home textiles exports to the U.S. increased by more than 20 percent year-on-year to cross the USD 10 billion-mark. This year, Turkey’s exports to the UK have shown a notable growth during January-March 2021 as post-Brexit free trade agreement took effect, according to the Turkish Exporters’ Assembly TIM, the organisation with membership of 100,000 exporters representing 61 exporter associations and 27 sectors in Turkey.

 

Carpets, ready-to-wear and apparels were the major products in country’s exports of 2020. While sales of carpets increased by more than 30 percent over the previous year, exports of ready-to-wear and apparels climbed by more than 20 percent in 2020 over 2019.

 

Turkey has planned to open foreign logistics centers in the target markets, especially in the U.S. This would further accelerate local exporters’ access to markets and stimulate the exports, according to TIM. The logistics centers opened abroad will work as a regional base for exporters, reduce the costs of market access and accelerate access to new markets.

 

Source: fibre2fashion.com