ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What does Turkey specialize in?
A
Diamonds
B
Oil
C
Apparel
D
Food Exchange
Explanation: 

Detailed explanation-1: -Approximately 80% of the clothing exported is cotton clothing. Knitted clothing and accessories, with an export value of US$ 10.78 billion, had a share of 58.93% in total clothing exports, and woven clothing had a share of 41, 07% with a value of US $ 7.51 billion in 2021.

Detailed explanation-2: -Turkey is the eighth largest garment exporter in the world and the garment industry is the country’s second largest industry. Responsible for a large proportion of total export, garment production can be found in almost every region and city of Turkey, with Istanbul leading, followed by Denizli, Izmir and Bursa.

Detailed explanation-3: -Turkey is one of the most important textile manufacturer and exporter in the world. International trade fairs in textile sector were organized within Turkey, thus bringing its potential to limelight.

Detailed explanation-4: -Turkey is mostly known as a hub for fashion manufacture. The country has 59, 000 companies in textile, footwear and apparel manufacturing, which yearly produce over 65 billion dollars per of garments and fashion goods.

Detailed explanation-5: -Topical. Fiber and Fabrics. Fashion and Retail. Green Times. Machinery Technologies. Spinning. Weaving. Knitting. Finishing. Printing. Technical Textiles. Packaging. 12-Jan-2022

There is 1 question to complete.