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Six monthly export of chemicals industry exceeded 15 billion dollars in value

According to data provided by Turkish Exporters Assembly (TİM), exports of Türkiye decreased by 10.6 percent in June compared to the same period last year and achieved 18.6 billion dollars in export value. Chemicals industry that achieved an export value of 2.3 billion dollars in June, increased its first six monthly exports by 8 percent achieving 15.8 percent. The industry conserved its position as the second highest exporting industry in June

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Temmuz 8, 2024
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Commenting on export figures of the chemicals industry in June, Chairman of Board of the Istanbul Chemicals and Chemical Products Exporters’ Assembly (İKMİB), Adil Pelister said: “As the chemical industry, our chemicals and chemical products exports in June reached 2.3 billion dollars in value. There was a decline in both our general and industry exports due to the loss of working days during the Eid al-Adha holiday. On the other hand, factors such as disruptions in global supply chains and increases in production and logistics costs affect our export performance. While the exports of our chemical industry decreased by 6.5 percent in June, it increased by nearly 8 percent considering the six-month period. Our industry managed to get a 12 percent share of the national exports in June, maintaining its second place among the highest exporting sectors. Our exports in the period between January and June exceeded 15 billion dollars and reached 15.8 billion dollars. We note the importance of the chemical industry when we look at the top 10 most powerful states in the world. Our chemicals industry, which has strategic importance for the growth of our country and the development of the economy, ranks first among both Turkiye’s top 500 largest industrial enterprises and the top 1000 exporters. As İKMİB, we support our companies for the development and stable growth of our industry, meticulously consider their suggestions and help solve their problems. As İKMİB, we will continue to work with all our strength to help our exporters overcome the difficulties they face.”

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

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

Plastics and products became the highest exported chemicals and products product group in June with an export value of 650 million 819 thousand dollars. The second group was mineral fuels and products with an export value of 575 million 723 thousand dollars while inorganic chemicals occupied the third place with an export value of 199 million 77 thousand dollars. ‘Inorganic chemicals’ were followed by ‘essential oils, cosmetics and soap’, ‘pharmaceuticals,’ ‘paint, varnish, ink, and products,’, ‘rubber, rubber products’, ‘miscellaneous chemical agents,’ ‘organic chemicals,’ and ‘cleaning products’ in the top ten.

USA was the highest receiver of exports in June

USA was the highest receiver of exports in June with 187.5 million dollars of export value. The top ten receiver of exports in June were USA, Holland, Russia, Romania, Italy, Spain, Germany, Iraq, England, and Egypt. The highest increase in June among the top 10 countries was achieved to Holland with 55.67 percent.

 

Monthly chemicals export in 2024

MONTH    2023 VALUE ($)  2024 VALUE ($)  DIFFERENCE (%)
January             2,299,006,935.24             2,366,127,401.07 2.92%
February             2,261,989,687.76             2,614,407,064.28 15.58%
March            2,879,966,044.93             3,068,826,954.15 6.56%
April             2,381,551,990.52             2,496,106,495.53 4.81%
May             2,438,879,700.49             3,033,502,530.00 24.38%
June             2,383,592,592.98             2,227,232,875.81 -6.56%
TOTAL 14,644,986,952 15,806,203,321 7.93%

 

Highest receivers of Turkish chemicals exports in June 2024 

NUMBER Country JUNE 2023 VALUE ($) JUNE 2024 VALUE ($) DIFFERENCE (%)
1 USA 178,151,763.02 187,567,435.13 5.29%
2 HOLLAND 104,300,366.62 162,366,023.03 55.67%
3 RUSSI 138,094,398.25 107,019,802.16 -22.50%
4 ROMANIA 89,657,895.30 96,617,371.41 7.76%
5 ITALY 100,749,905.65 95,628,783.66 -5.08%
6 SPAIN 142,444,671.30 89,044,431.72 -37.49%
7 GERMAN 101,582,695.39 86,588,823.14 -14.76%
8 IRAQ 90,647,308.89 74,949,282.25 -17.32%
9 ENGLAND 65,022,867.96 64,623,572.77 -0.61%
10 EGYPT 42,248,661.36 60,445,726.28 43.07%

 

Sub-industry of chemicals exports in June 2024

    2023 -2024
  JUNE 2023 JUNE 2024 %  DIFFERENCE
PRODUCT GROUP (VALUE $)  (VALUE $) VALUE
PLASTICS AND PRODUCTS 729,354,680 650,819,574 -10.77%
MINERAL FUELS, MINERAL OILS AND PRODUCTS 537,098,006 575,723,437 7.19%
INORGANIC CHEMICALS 243,445,800 199,077,020 -18.23%
ESSENTIAL OILS, COSMETICS AND SOAP 164,288,264 141,183,823 -14.06%
PHARMACEUTICALS 130,697,931 123,888,041 -5.21%
PAINT, VARNISH, INK AND THEIR PRODUCTS 124,382,567 119,828,983 -3.66%
RUBBER, RUBBER PRODUCTS 134,519,748 113,632,182 -15.53%
MISCELLANEOUS CHEMICAL PRODUCTS 96,472,566 80,499,620 -16.56%
ORGANIC CHEMICALS 79,875,758 64,855,601 -18.80%
CLEANING PRODUCTS 67,773,666 62,142,817 -8.31%
FERTILIZERS 29,625,707 58,958,724 99.01%
ADHESIVES, GLUES, ENZYMES 42,967,428 33,894,677 -21.12%
GUNPOWDER, EXPLOSIVES AND THEIR PRODUCTS 1,577,307 1,567,200 -0.64%
PHOTOGRAPHY AND CINEMATOGRAPHY PRODUCTS 1,309,266 940,620 -28.16%
GLYCERIN, HERBAL PRODUCTS, DEGRAS, FATTY PRODUCTS 195,918 213,801 9.13%
PROCESSED AMIANT AND MIXTURES, PRODUCTS 7,980 6,756 -15.34%
TOTAL 2,383,592,593 2,227,232,876 -6.56%
Tags: #brand#chemicals#company#export#İKMİB#industry#innovation#logistics#Plastics#production#products#supplychains#TİM
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