Adil Pelister, Chairman of the Board of Directors of Istanbul Chemicals and Products Exporters Association (IKMIB), said, “In October, our chemical industry exported $2.7 billion with an increase of 3.1% and received an 11.8% share of our country’s exports. We are one of the sectors that contribute the most to our country’s economy and growth.”
According to the statement of IKMIB, within the framework of the Turkish Exporters Assembly (TIM) data, Turkiye’s exports amounted to $22.9 billion in October, an increase of 7.4% compared to the same period of the previous year.
The chemical industry, which exported $2.7 billion, was the second most exporting sector in October. The sector, which exported $25 billion in the first 10 months, received an 11.9% share of the country’s exports.
Adil Pelister, Chairman of the Board of Directors of IKMIB, whose views were included in the statement, said:
“In October, our chemical industry exported $2.7 billion with an increase of 3.1% and received an 11.8% share of our country’s exports. We are one of the sectors that contribute the most to our country’s economy and growth. Our exports reached $25 billion in the 10-month period from January to October.
Despite challenging conditions such as access to finance, inflation, energy costs and developments in our nearby geography, we managed to increase our exports as Turkiye’s second largest exporting sector. On the 100th anniversary of our Republic, which we celebrate with great enthusiasm, we strive to increase our sector exports to over $30 billion.
While we exported chemicals and products worth $1 billion 864 million annually in 2000, today we export more than $2 billion monthly.
All our exporters are taking firm steps in unity and solidarity for a highly prosperous, strong and developed Turkiye in the second century of our Republic. With this awareness, as the chemical industry, we will continue to produce, export and work to achieve our goals in line with our 2030 vision.”
“Mineral fuels and products” were the top exports in October
According to the information provided, mineral fuels and products exports in the chemical substances and products product groups in October ranked first in chemical exports with $813 million 579 thousand. While plastics and their products ranked second with exports of $784 million 152 thousand, inorganic chemicals exports ranked third with $236 million 735 thousand.
The Netherlands became the country with the most exports
The top 10 countries with the most exports in October were the Netherlands, Russia, Italy, USA, Iraq, Germany, Romania, Lebanon, England and South Africa. The highest increase among the top 10 countries in October was in South Africa with 785.18%.
The countries with the most chemical exports in the January-October period of 2023 were listed as the Netherlands, Russia, Italy, Romania, Germany, Spain, USA, Iraq, Belgium and England.
Source: Trthaber / Prepared by Irem Yildiz