Turkiye\u2019s textile industry aims to increase its export to the U.S. to at least $1 billion, the head of a trade group has said.<\/p>\n\n\n\n
\u201cThe U.S is an important market for us. In 2021, sales to this country reached $850 million and the target for this year is to boost export revenues above $1 billion,\u201dsaid Ahmet \u00d6ks\u00fcz, head of the Istanbul Textile and Raw Materials Exporters Association (\u0130TH\u0130B).<\/p>\n\n\n\n
In an effort to introduce Turkish textile products to the U.S. market and American companies, the association launched the third edition of \u2018i of the World\u2019 event in New York between July 20 and July 21.<\/p>\n\n\n\n
\u201cThis event was important for us to achieve this export revenue goal,\u201d \u00d6ks\u00fcz added, voicing confidence that Turkiye could be one of the top five countries the U.S. imports textiles products from.<\/p>\n\n\n\n
\u201cTurkiye has this potential, it is the fifth largest supplier of textile products in the world.\u201d<\/p>\n\n\n\n
\u2018i of the World\u2019 is specifically designed to target the U.S market, \u00d6ks\u00fcz explained.<\/p>\n\n\n\n
Turkiye\u2019s share in the global market is 3.6 percent, whereas its share in the U.S. is 2.6 percent, he said, adding that this means there is a potential in this market. \u201cWe aim to increase our share in the U.S market above 3 percent.\u201d<\/p>\n\n\n\n
The local textile industry\u2019s export revenues amounted to $12.9 billion in 2021.<\/p>\n\n\n\n
Earlier this month, Turkish textile companies also attended a major event in France.<\/p>\n\n\n\n
Some 212 Turkish companies showcased their products at the Premiere Vision Paris 2022.<\/p>\n\n\n\n
In the first half of this year, the industry\u2019s revenues from exports reached $6.8 billion, rising 9.9 percent from the same period of 2021.<\/p>\n\n\n\n
Exports to Italy grew 23.8 percent on an annual basis. The annual growth rates in exports to the U.S. and Germany were 17.5 percent and 2.2 percent, respectively.<\/p>\n\n\n\n
Export revenues may reach $15 billion at the end of this year, said Natan Yakuppur from the \u0130TH\u0130B.<\/p>\n","protected":false},"excerpt":{"rendered":"
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