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Turkey’s garment exports to exceed $20 billion in 2021

  

The Turkish Exporters' Assembly (TIM) has announced the country’s garment industry is targeting exports worth $20 billion in 2021. Ready-to-wear clothing exceeded 10 per cent of the country's total exports in 2020, the sector had managed to increase exports in eight of 12 months last year. Exports to Canada rose the most nearly 50 per cent to roughly $101 million. This was followed by Kazakhstan, the Czech Republic, and the US, with $221.4 million, $124.6, and $793.6 million, respectively.

TIM also underlined as they progress, vaccinations will help strengthen the textile industry, as will a recent free trade deal between Turkey and the UK. In the case of no-deal Brexit and WTO tariffs kicking in, the ready-to-wear sector would be the most affected with the $200 million tariffs. Today, this risk is no more. The agreement, signed late last year eliminates uncertainties

At this point, in order to maintain its competitive edge, Turkey’s focus is on high quality and value-added production that will enable it to acquire a much larger share in the global supply of ready-to-wear clothing.

 
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