Middle East and Russia loss at Textile was compensated by USA

Textile and ready wear importer who was deeply affected with the political problems and economic crisis in Middle East and Russia, compensated this loss at new markets.

  30 November 2015 10:17 Monday
Middle East and Russia loss at Textile was compensated by USA

Textile sector which has had an important decrease at export rates after the economic crisis occurred in Middle East and Russia recently, directed to Iran and USA. Ibrahim Burkay who is the Chairman of the Board of the Chamber of Bursa Commerce and Industry and the President of Uludağ Textile Exporters’ Association and who made an explanation on the issue said textile export was carried out as 5.9 billion dollars by decreasing 12% in the first 9 months of the year.

‘’Economic crisis which occurred in Russia after in Middle East countries, affected out export for these countries. Russia which took the first place in our textile export between 2007 and 2013, left the first rang to Italy by 2014. While our export for Russia decreased 37% as dollar in the first 9 months period of the year, it reduced 28% as amount and was carried out as 379 million dollars’’ Burkay said and continued his explanation as the following: ‘’We increased our efficiency in Iran market where we opened new gates with the cooperations of USA in the sense of politics and economy which is the world’s biggest economy. While our export increased 9% as dollar and 16% as amount, our export raised 17% as dollar and 45% as amount for Iran’’.

Iran took the third place at the export gradation

Burkay who said that developing of the relations with Iran is very important in a period which the political and economic difficulties raised to the advanced stage, said ‘’We has started to feel the economic relations between Iran as a result of the removing of the embargo for Iran and the ‘Preferential Trade Agreement’’. Iran raised to the third place at our textile export. We will organize a sectoral trade committee for Iran at the end of November’’.

Iraq made happy Ready Wear Exporter

Şenol Şenkaya who is the President of The Association of Uludag Garment Industry and Outfit Exporters (UHKIB) said that they had 50% of loss at the export for Russia. Şenkaya who aligned the first five at the export routes of UHKIB as Spain, Germany, United Kingdom, USA and Belgium, said ‘’Iran and Russia became 15th and 16th at the most densely export alignment. At the export for 7 of the 10 countries which were carried the most export, we had loss between 10 and 50%. While 6% of increase for Spain and 149% of increase for Iraq took attention, the loss in Russia and Iran was carried to be meet with these markets’’. Şenkaya who remarked that as being UHKIB they were in the effort of inclining to the countries that makes trade with US dollars, they were trying to compensate the loss occurred in EU market dıe to the Russia and the Euro which decreased in value by carrying out export to the countries such as USA market, Iraq, Algeria, Singapore, Saudi Arabia, Malaysia and United Arab Emirates instead of Russia whose economy got narrowed.

Sector Export regressed to 12%

Şankaya stated that they carried out 371 million 497 thousand 868 dollars export in the first nine months of 2015 which they determined as 550 million dollars as being UHKİB and they expected to reach their target in the end of December. Şenkaya also said ‘’Export of UHKIB in January- September 2015 period fell 17% when compared to the same period of previous year. And Turkey- wide sector export was carried out as 12 billion 588 million dollars with 12% of fall compared to the same period of previous year’’.


COMMENTS
Dear guest; without being a member Comments on "guests" are referred to as. Comments, you use a special name and picture, menu access a member of your reviews, comments, and to check the answers to their members to take advantage of many more features that register!
What is your comment about this story?
1000 - characters left.