Burak Sertbaş
Weak euro taking a toll on Türkiye’s exporters
With the euro falling against the U.S. dollar, some exporting industries in Türkiye are bearing the brunt as they pay for imports in dollars but collect export revenues mostly in euros.
This week, the euro fell below parity with the dollar, diving to its lowest level in 20 years.
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Ready-wear apparel exporters enjoy strong demand
Turkey's ready wear and confection exporters are working at nearly full capacity to meet strong demand stemming from recovery in the industry's export markets.
From January to July, the sector's shipments to foreign markets grew by a robust 27 percent on an annual basis to climb more than $11.1 billion.
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