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Turkey: Chemical exports exceeded $7.5 billion in the first quarter

According to the data of Istanbul Chemicals and Products Exporters’ Association (IKMIB), the chemical industry became the leading industry with an export of approximately $3 billion in March. The exports of the sector increased by nearly 50% compared to March last year, rising from $2 billion to $3 billion. Exports of chemicals and products in the first quarter increased by 41.5% and exceeded $7.5 billion.

The chemical industry became the leading industry with an export of approximately $3 billion in March.

Evaluating the export figures of the chemical industry in March, Istanbul Chemicals and Products Exporters’ Association (İKMİB) Chairman of the Board Adil Pelister said, “Our sector was the sector that increased its exports the most in February. The performance increase continued in March and we became the first sector to export the most.

At the same time, we became the sector that increased its exports the most. Our sector exports, which were around $2 billion in March last year, increased to $3 billion in March this year. Our exports increased by approximately 50% compared to the same period last year.

In the January-March period, our sector exports, which reached $7.5 billion, grew by more than 40%. The sector to which we exported the most in March was plastics and its products. The top three countries to which we export the most were the Netherlands, Italy and Romania. I congratulate all our exporters who brought our sector to the first place in the sector despite the difficult conditions, and wish them continued success.

This achievement makes us proud. We continue to produce and export with all our efforts to exceed our target of $28 billion this year. In line with our 2030 target, we will continue to strengthen our sector with our new projects in the new period in order to permanently reach the sectoral championship, to increase our total sectoral exports over $50 billion and our unit-kilogram export value over $1.5. We will continue to grow our industry in line with a sustainable vision with projects that will meet the needs of our exporters in all matters, especially the Chemical Technology Center (KTM). In addition, we think that each of the sub-sectors of our chemical industry should gain the identity of the Exporters’ Union and that İKMİB should gain its own General Secretariat. We will also follow up for the successful outcome of our initiatives in this regard.”

Source: Sabah / Translated by Irem Yildiz

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