Politics

US biggest market for Turkiye’s home textile exports


US was the largest market for home textile exports from Turkiye during the first nine months of 2022. The European nation exported over 22 per cent of its total home textiles to the US. As for the country’s apparel exports, the US was the fifth largest market during the same period with a less than 5 per cent share in Turkiye’s total apparel exports. 

Turkiye exported home textiles worth $869.947 million to the US, which was 22.28 per cent of its total exports of $3.904 billion during January to September 2022. European countries like Germany, France, Spain, Italy, UK, and Netherlands were the other prominent markets for Turkiye’s home textiles. Last year, the US accounted for 25.95 per cent of Turkiye’s total home textile exports of $6.129 billion, according to Fibre2Fashion’s market insight tool TexPro. 

US was the largest market for home textile exports from Turkiye during the first nine months of 2022. The European nation exported over 22 per cent of its total home textiles to the US. As for the country’s apparel exports, the US was the fifth largest market during the same period with a less than 5 per cent share in Turkiye’s total apparel exports.

On the other hand, Turkiye exported apparel worth $598.666 million to the US, making up just 4.58 per cent of its total exports of $13.081 billion during the first nine months of the current year. The US was the fifth largest market for Turkiye’s apparel after European countries like Germany, Spain, Netherlands, and France, which collectively accounted for over 45 per cent share in the country’s total apparel exports. 

Last year, the US’ share in Turkiye’s total apparel exports of $17.383 billion was just 3.86 per cent. It took the sixth position after Germany, Spain, Netherlands, UK, and France. 

Fibre2Fashion News Desk (KUL)




Source link