As per the Hong Kong Trade Development Company (HKTDC) Turkish exhibitors are trying to capitalise on rising prices of Chinese exports. The latest figures show a decrease in Turkey’s trade with China. In 2012, Turkey imported $1.7 billion worth of clothing items from China which is $300 million less than 2011, partly because of tariffs imposed by the Turkish government.
The silk sector particularly is at stake. China dominates the international sale of silk yarn. However, up to 1991, Turkey produced 15 per cent of the world’s silk supply. When China entered the international mark in the late 1980s, it was supplying silk at an unmatchable $4.00 per kg, but these prices have risen dramatically in the following years.
Turkish manufacturers are convinced that Turkish made fabrics may win on terms of overall quality and technical superiority of dyes used. Further, Turkish companies adhere more strictly to product safety guidelines compared to many Chinese competitors. Turkish companies are more hardworking and have greater technical knowledge, much of it gained from broader experience across Europe than their Chinese counterparts.
A local business analyst underlines that despite import taxes, it is still relatively easy, in financial terms, for Chinese companies to trade with Turkey. Domestic Turkish companies, however are looking for quality apart from the lowest price.
