The textile sector broke the first-quarter export record of all time. Turkey reached 2 billion 650 million dollars of foreign sales in January-March 2022.
The textile is one of the most fascinating, useful art forms, with a history as long as the known civilizations examined by researchers. Textiles play an important role in our daily lives. Textiles are present in everything from the clothes we wear to the furniture we sit on to the carpeting in our homes. There are many fabrics, each with its own set of applications. You can find textiles in everything from your clothes to your shoes. From silk to wool, there is a material for every occasion. Textiles are adaptable and come in a variety of colors and textures. As a result, textiles constitute an essential component of our daily lives.
The textile and raw materials sector broke the first-quarter export record of all time. Turkey reached 2 billion 650 million dollars of foreign sales in January-March 2022. It's an increase of 13.1% compared to the same period of the previous year.
According to the data of TIM, Turkey's exports increased by 19.8 percent in March compared to 2021 March. Exports amounted to 22.7 billion dollars. With the said value, Turkey reached the highest March exports of all time. In the first quarter of this year, exports increased by 20.8 percent to 60.3 billion dollars. The annualized export value increased to 235.6 billion dollars.
The textile and raw materials sector exported more than 868 million dollars in March last year. The sector reached an export of 953 million dollars with an increase of 9.7 percent in the same period of this year.
The textile and raw materials sector reached an export of 2 billion 650 million dollars in January-March 2022. It's an increase of 13.1% compared to the same period of the previous year. Thus, the sector made the highest export of all time in the first quarter.
Istanbul made the sector's most sales in the textile sector. A part of 346 million dollars of the sector's exports last month were Istanbul's sales. Gaziantep followed Istanbul with 172 million dollars and Bursa with 114 million dollars.
In the textile and raw materials sector, Italy was the country with the highest export sales last month, with 106 million dollars. The USA followed Italy with 53 million dollars and Spain with 51 million dollars.
EU countries ranked first with 425 million dollars. African countries followed with 146 million dollars. Middle East countries came last with 73 million dollars. With Turkish textile's historical peaks, we can observe that the increase will continue. Especially Europe turned its eyes to Turkey's Textile sector. With the decreasing demand in China's market, Europe tries to find a new market. It seems they've already found it. Also, African and Middle Eastern countries want to trade with Turkey more than before.
Turkey exported to 167 countries and regions in March. The textile and raw materials sector received a 4.2% share of the country's total exports.
Turkey is receiving extra supply requests, especially from the EU, the USA, and other geographies. Thus, Turkey's textile exports continued to show high performance in 2022. After 2021, despite the adverse conditions caused by the epidemic, success continued.
Importers turned their routes to Turkey for reserve security and diversification in textiles. The orders of customers who have textile production in Turkey are increasing day by day. Many brands who preferred Turkish textile production returned to the country for production. Furthermore, many new clients and companies are looking for Turkish textile supplies these days. If you are one of those importers, you can get in touch with Turkish Goods to get the best Turkish textiles.
Some foreign companies started to open new purchasing offices in Turkey. Those who already have offices here are expanding their existing structures. With the effect of the acceleration from 2021, the textile industry continued its growth trend. In particular, Turkey received extra supply requests from the EU, the USA, and other geographies. With the orders received in the first 3 months of the year, textile manufacturers broke the record of all time in exports. To double this, Turkey continues to work and negotiate abroad.
Turkey foresees that the Turkish textile industry will be positively affected by this process. Exports to the Russian market will likely increase gradually. Production/exports to brands withdrawn from the Russian market will be limited to a certain extent, and then rebalanced. There is a high probability that supplies from Belarus will also shift to Turkey.
With the increasing demand from both countries, Turkey will probably reach a new all-time high record. Not just both countries, but also the demand from the USA, EU, and other countries are on the rise. Turkey broke the historical record of the republic in exports to the European, American, Asian, and African Continents. Also, Turkey is the EU's largest supplier in the knitted fabric industry.