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Türkiye's Textile Crisis: 67,000 Jobs Lost Amid Factory Closures

7/25/2025

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Summary

Story summary

Türkiye's textile and apparel industry struggles with 67,528 unemployed workers due to factory closures and reduced global demand.
Approximately 2,960 businesses closed last year, totaling 7,805 since 2022.
Active workforce decreased from 1.3 million in 2022 to 990,000 currently.
Exports fell by 10%, while imports surged by 55.4% from 2022 to 2024.
The sector added $776 million to Türkiye’s current account deficit in early 2023.

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Story summary

Türkiye's textile and apparel industry struggles with 67,528 unemployed workers due to factory closures and reduced global demand.
Approximately 2,960 businesses closed last year, totaling 7,805 since 2022.
Active workforce decreased from 1.3 million in 2022 to 990,000 currently.
Exports fell by 10%, while imports surged by 55.4% from 2022 to 2024.
The sector added $776 million to Türkiye’s current account deficit in early 2023.