Related Keywords: decrease in value of ruble, exports to Russia, losses in Russian market, ready-made clothing, Turkey, Turkey textile sector, Turkish Exporters' Assembly
Turkey has been experiencing difficult times with its exports to Russia which has declined by 14.6 percent, dropping to $6.57 billion in 2014 compared to $7.96 billion in 2013 due to the decrease in the value of the ruble.
According to the records of the Turkish Exporters' Assembly (TİM), Turkey's total exports rose to $157.62 billion with an increase of 4 percent in 2014. Unlike the increasing export rates in 2014, big losses occurred in the Russian market, having a large impact on all sectors, as Russia is one of the top export markets for Turkey.
