Business

The chemical industry broke a record with exports of $2.37 billion

Adil Pelister, Chairman of the Board of Directors of the Istanbul Chemicals and Products Exporters’ Association (IKMIB), said, “We achieved the highest monthly export figure of all time on a sectoral basis, by exporting chemicals and products worth $2.37 billion in June.”

According to the information compiled by the AA correspondent from the data of the Turkish Exporters Assembly (TIM), Turkey’s exports in June reached $19 billion 773 million with an increase of 46.9% compared to the same month of the previous year, while the exports of the chemical industry increased by 66.6% and reached $2.37 billion in the same period.

Thus, the total exports of the chemical industry, which was the first sector to export the most in June after May, reached $12 billion with an increase of 40% in the first half of the year.

“WE BELIEVE THAT WE CAN REACH $23 BILLION BY GOING MUCH OVER OUR ANNUAL TARGETS”

IKMIB President Pelister, who made a statement to the AA correspondent, stated that the performance of the chemical industry continued to increase and said, “We had risen to the first place in exports in May. In June, we maintained our position as the sector that exports the most.” Pelister said:

“The performance of our chemical industry continues to increase. In June, we exported $2.37 billion of chemicals and products, reaching the highest monthly export figure of all time on a sectoral basis. We broke our new record on a monthly basis. Compared to the same period last year, there was an increase of 66.6%. In the first 6 months of this year, our exports grew by 40% and reached $12 billion. When we look at it as the second quarter, we see that it increased by more than 25% compared to the first quarter.”

Noting that there was an increase of more than 70% in the sector’s exports compared to the second quarter of last year, Pelister said, “We hope that the implementation of the Credit Guarantee Fund-guaranteed program announced by our Minister of Treasury and Finance in July will be an important support for our SMEs and exporters. It is of great importance for the development of our industry that our investors can access financing under favorable conditions. On the other hand, electricity and natural gas hikes, which are an important expense for industrialists, increase our costs. We think that we will reach $23 billion by exceeding our annual target of $21 billion this year, and accordingly, we continue to produce and export with all our strength.”

Source: Sabah / Translated by Irem Yildiz

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