The textile and raw materials sector realized a record export of $6.1 billion in the January-July period of this year.
According to the data of the Turkish Exporters Assembly (TIM), Turkiye’s exports increased by 13.4% in July compared to the same month of the previous year and amounted to $18.5 billion.
In January-July 2022, exports increased by 19.1% compared to the same period of the previous year and reached $144.4 billion. Annualized export value exceeded $248 billion.
The textile and raw materials sector, which exported more than $723 million in July 2021, achieved an export of $728 million with an increase of 0.7% in the same period of this year.
Highest export of all time in 7 months
In January-July 2022, the sector realized an export of $6 billion 119 million with an increase of 9.5% compared to the same period of the previous year. Thus, the textile and raw materials sector reached the highest January-July exports of all time.
A portion of $317 million of the sector’s exports last month was made from Istanbul. Istanbul was followed by Gaziantep with $121 million and Bursa with $83 million.
In January-July 2022, $2 billion 460 million of the sector’s exports of $6.1 billion was realized from Istanbul, $1 billion from Gaziantep and $736 million from Bursa.
The sector made the highest export sales to Italy in 7 months.
In the textile and raw materials sector, Italy was the country with the highest export sales last month, with $67 million. Russia followed Italy with $43.8 million and Belarus with $39.5 million.
In the 7 months of this year, the sector sold $635 million to Italy, $340 million to the USA and $323 million to Spain.
Looking at the country groups to which the most exports were made last month, EU countries ranked first with $278 million, the Commonwealth of Independent States ranked second with $139 million and African countries ranked third with $86 million.
When we look at the exports made to the mentioned country groups in 7 months, it is seen that $2 billion 585 million were exported to EU countries, $805 million to the Commonwealth of Independent States and $798 million to African countries.
Exporting to 163 countries and regions in July, the sector had a 3.9% share of the country’s total exports in the same period. In January-July 2022, the sector made foreign sales to 190 countries and regions, while its share in the country’s total exports was 4.2% in the same period.
Source: Trthaber / Translated by Irem Yildiz