Turkish garment and textile industry aims to increase exports by 10 per cent in 2019

Source: https://apparelresources.com

The Turkish garment and textile industry aims to enhance its exports by 10 per cent in 2019 to reach US $ 29 billion mark. This was announced by Ismail Gülle, Chairman, Turkish Exporters Assembly (TIM) while talking to a news agency.

Reportedly, according to TIM data, the textile and clothing industry exports increased by 3.8 per cent in 2018 to clock US $ 26. 1 billion.

The Chairman added that the 2018 figure was much short of industry’s true potential. However, he was confident that Turkey’s textile and clothing industry will turn their currency advantage into an opportunity in 2019.

“Instead of contract manufacturing, Turkish brands will help us achieve the target,” substantiated Gülle.

It is important to note here that 500 stores showcasing Turkish brands will be launched across the globe in 2019.

“Our textile exports to the US and Africa, along with the EU, rose last year,” reasoned Ahmet Öksüz, Head, Istanbul Textile and Raw Materials Exporters Association.

He further said that in addition to focusing on US, Africa and the Far East, the country will ensure projects are carried out for Japanese and South Korean markets as well.

The country also hopes its apparel sector exports will increase by 10 per cent on a yearly basis in 2019, with continual focus on US, Russian, the Middle East and North African markets.

Categories: Africa, Apparel, Asia, Brands, Business, Japan, Middle East, Textile

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