Turkey becomes the sixth largest textile exporter in the world

YarnsandFibers News Bureau 2015-08-26 12:25:00 – Mumbai

According to a note released by the Turkish Statistics Institute (TÜİK) on 25 August, Turkey was ranked the sixth largest textile and confection exporter of the world by making around 4 percent of such exports globally in 2014.

China topped the list with 41 percent, followed by India with 5.4 percent, Italy with 5.3 percent and Germany with 5 percent.

There has also been a decrease in the share of textiles trade in the world. While the share of the sector was 7 percent in global trade in 1995, this rate dropped to 4.6 percent in 2014.

In 2014, Turkey was one of the three countries which gave a trade surplus in the sector which was around $16 billion. China and India were the other two countries with trade surplus at $264.6 billion and $33.7 billion respectively. These countries were followed by the United States, Japan, Britain and Germany.

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