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2.2 Billion dollars of export value from the chemicals industry in September

According to data provided by Turkish Exporters Assembly (TİM), Türkiye achieved 22 billion dollars in export value in September. Chemicals industry that achieved an export value of 2.2 billion dollars in September as the second highest exporting industry protected its raking as the second highest exporting industry. The total exports of the industry in the first nine months increased by 4.2 percent, exceeding 23 billion dollars

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Ekim 10, 2024
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Commenting on export figures of the chemicals industry in September, Chairman of Board of the Istanbul Chemicals and Chemical Products Exporters’ Association (İKMİB), Adil Pelister said: “Export value of our chemical industry reached 2.2 billion dollars in September. I can say that we started to see the reflection of many factors such as the decline in global demand, wars in our nearby geography, inflation and exchange rate balance, and the increase in input costs on September figures. Despite this, we continue to make the highest contribution to the national economy as the second highest exporting industry in Türkiye. However,

İstanbul Kimyevi Maddeler ve Mamulleri İhracatçıları Birliği (İKMİB) Yönetim Kurulu Başkanı Adil Pelister

when we consider the data for the first nine months, there is a 4.2 percent growth in our chemical sector exports. Our exports in the January-September period reached 23.1 billion dollars. Our exporters need more support in accessing financing in this difficult period. We expect the support and incentives of our Economic Management in this direction. Despite all the difficult conditions, we will continue to work to increase our exports.”

“Plastics and products” was the highest exported product group in September

Plastics and products became the highest exported chemicals and products product group in September with an export value of 822 million 449 thousand dollars. The second group was mineral fuels and products with an export value of 245 million 517 thousand dollars while inorganic chemicals occupied the third place with an export value of 224 million 737 thousand dollars. ‘Inorganic chemicals’ were followed by ‘essential oils, cosmetics and soap’, ‘rubber, rubber products’, ‘paint, varnish, ink, and products,’, ‘pharmaceuticals,’ ‘miscellaneous chemical agents,’ ‘cleaning products,’ and ‘fertilizers’ in the top ten.

Russia was the highest receiver of exports in September with 139 million dollars of export value. The top ten receiver of exports in September were Russia, Holland, Iraq, Germany, USA, Italy, Romania, Spain, England, and Greece. The highest increase in September among the top 10 countries was achieved to Greece with 64.48 percent.

Monthly chemicals export in 2024

MONTH    2023 VALUE ($)  2024 VALUE ($)  DIFFERENCE (%)
January             2,299,003,029.07             2,367,141,343.68 2.96%
February             2,261,956,042.17             2,617,131,372.38 15.70%
March             2,879,962,087.77             3,076,856,995.48 6.84%
April             2,381,533,446.92             2,495,758,684.07 4.80%
May             2,438,874,096.65             3,015,547,577.00 23.65%
June             2,383,546,414.36             2,235,009,229.10 -6.23%
July             2,172,784,497.27             2,584,451,724.13 18.95%
August             2,657,796,453.53             2,565,627,014.11 -3.47%
September             2,772,562,091.35             2,213,410,996.92 -20.17%
TOTAL 22,248,018,159 23,170,934,937 4.15%

Highest receivers of Turkish chemicals exports in September 2024

NUMBER Country SEPTEMBER 2023 VALUE ($) SEPTEMBER 2024 VALUE ($) DIFFERENCE (%)
1 RUSSIA      142,229,396.00      139,273,689.61 -2.08%
2 HOLLAND      254,206,539.66      122,823,059.82 -51.68%
3 IRAQ       89,915,902.96      102,948,759.37 14.49%
4 GERMANY       98,338,963.63       98,143,348.10 -0.20%
5 USA       74,607,496.62       87,221,156.25 16.91%
6 ITALY      166,027,238.93       84,017,339.76 -49.40%
7 ROMANIA      183,854,000.08       83,760,760.21 -54.44%
8 SPAIN       61,684,022.65       73,880,755.89 19.77%
9 ENGLAND       64,998,925.83       73,721,915.84 13.42%
10 GREECE       32,872,304.24       55,712,177.67 69.48%

Sub-industry of chemicals exports in September 2024

    2023 -2024
  SEPTEMBER 2023 SEPTEMBER 2024 %  DIFFERENCE
PRODUCT GROUP (VALUE $)  (VALUE $) VALUE
PLASTICS AND PRODUCTS 778,235,229 822,449,098 5,68%
MINERAL FUELS, MINERAL OILS AND PRODUCTS 913,660,280 245,517,058 -73,13%
INORGANIC CHEMICALS 215,480,051 224,737,917 4,30%
ESSENTIAL OILS, COSMETICS AND SOAP 174,866,027 186,532,463 6,67%
RUBBER, RUBBER PRODUCTS 138,752,396 132,561,321 -4,46%
PAINT, VARNISH, INK AND THEIR PRODUCTS 126,539,894 131,690,636 4,07%
PHARMACEUTICALS 119,663,809 116,730,121 -2,45%
MISCELLANEOUS CHEMICAL PRODUCTS 94,383,077 103,933,345 10.12%
CLEANING PRODUCTS 74,319,503 84,370,228 13.52%
FERTILIZERS 10,094,651 66,120,328 555.00%
ORGANIC CHEMICALS 82,946,459 52,399,058 -36.83%
ADHESIVES, GLUES, ENZYMES 39,436,674 42,945,163 8.90%
GUNPOWDER, EXPLOSIVES AND THEIR PRODUCTS 2,267,788 2,218,391 -2.18%
PHOTOGRAPHY AND CINEMATOGRAPHY PRODUCTS 1,548,508 1,019,437 -34.17%
GLYCERIN, HERBAL PRODUCTS, DEGRAS, FATTY PRODUCTS 274,523 179,117 -34.75%
PROCESSED AMIANT AND MIXTURES, PRODUCTS 93,224 7,315 -92.15%
TOTAL 2,772,562,091 2,213,410,997 -20.17%
Tags: #brand#chemicals#company#export#İKMİB#industry#ink#innovation#Plastics#products#TİM
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