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AKMIB made an export of $424.7 million in the chemical industry in January

Saadettin Cagan, Chairman of the Board of the Mediterranean Chemicals and Products Exporters’ Association (AKMIB), stated that they made $424.7 million in foreign sales in January, an increase of 117.7% compared to the same period of the previous year.

Saadettin Cagan, in his written statement, stated that AKMIB, which made an export of $4.18 billion in 2021, started the new year at a high pace.

Noting that they, as AKMIB, gave 11.6% support to the $2.31 billion export performance of the chemical industry in January, Cagan continued as follows:

“Our Association sold $424.7 million in January, an increase of 117.7% compared to the same period of the previous year. Evaluating 670 thousand 269 tons of products in the international market in the first month of the year, our association exported the most mineral fuels and oils, plastics and products, and inorganic chemicals. We reached an export value of $297.9 million with an increase of 178% in mineral fuels and oils, $58.5 million in plastics and products with an increase of 69%, and $22 million in inorganic chemicals with an increase of 3%. This month, we achieved the highest increase in export volume in fertilizers, with an increase of 985% and a value of $13.9 million.”

Cagan stated that the main markets of the union’s exports are the European Union, Africa and the Middle East countries.

Noting that they exported the most to the Netherlands in January, Cagan said, “We made an increase of 8,749% and exports of $104.7 million to this country. The Netherlands was followed by Singapore with an increase of 185 thousand 506% and $54.2 million, and Spain with an increase of 289% and $43.1 million. This month, we achieved the strongest increases in export volume in Singapore, Ghana and the Netherlands markets. After Ghana, where we achieved an increase of 23 thousand 493% and an export value of $13 million, we also achieved remarkable increases in the United States and Italy markets.”

Source: Sabah / Translated by Irem Yildiz

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