The Current Situation and Development of Textile Industry in Turkey

Textile industry has an important role in the economic development of Turkey. According to the Ministry of Economy, textile exports, which were about $ 6.36 billion in 2007, were about $ 10.11 billion at the end of 2017. The share of the textile sector in the national trade was 12.7% in 2001 and 8.4% as of October 2017. On the other hand, our country has a share of 4.33% in world textile exports which is 254 billion dollars. Textile industry is placed near the top in terms of parameters such as its share in GNP, foreign trade potential, employment in Turkey and has been increased to first rows in global trades. Turkey is between the best competitive countries of the World with China, India, South Korea, Pakistan, and Vietnam considering labor force, raw material and marketing factors. The developments in textile industry sectors have unavoidable effect on all of Turkish economy because of their very strong connections within the country’s economic dynamics. The sustainability of the power of these sectors has high importance under such global competitive circumstances when positive contributions of competitor countries are considered.