Turkey was named the sixth largest textile and confection exporter of the world by making around 4 percent of such exports globally in 2014, according to a note released by the Turkish Statistics Institute (TÜİK).
China topped the list with 41 percent, followed by India with 5.4 percent, Italy with 5.3 percent and Germany with 5 percent.
The share of the sector in Turkey’s total exports was 18.7 percent in 2014 in value with around $29.5 billion. This rate was around 40 percent in 1995, but decreased to 26 percent in 2005 and 19.3 percent in 2010.
There has also been a decrease in the share of textiles trade in the world. While the share of the sector was 7 percent in global trade in 1995, this rate dropped to 4.6 percent in 2014.
Turkey was one of the three countries which gave a trade surplus in the sector. China’s textiles sector’s trade surplus was $264.6 billion in 2014, followed by India with around $33.7 billion and Turkey with around $16 billion. These countries were followed by the United States, Japan, Britain and Germany.