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Chemicals industry increased its export by 19 percent in July

According to data provided by Turkish Exporters Assembly (TİM), exports of Türkiye increased by 13.8 percent in July compared to the same period last year and achieved 22.5 billion dollars in export value, breaking a record for the month of July. Chemicals industry that achieved an export value of 2.6 billion dollars in July as the second highest exporting industry. The industry increased its exports by 19.4 percent compared to last July

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Ağustos 12, 2024
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Chemicals industry increased its export by 19 percent in July
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Commenting on export figures of the chemicals industry in July, Chairman of Board of Istanbul Chemicals and Chemical Products Exporters’ Assembly (İKMİB), Adil Pelister said: “As the chemical industry, our chemicals industry achieved 2.6 billion dollars of export value in July and preserved its ranking as the 2nd highest exporting industry among all industries. Our industry increased its exports by over 19 percent in July. Therefore, our export value for the first seven months reached 18.4 billion dollars. In the remaining period we will continue to work with all our might to keep our increasing export performance.”

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

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

Plastics and products became the highest exported chemicals and products product group in July with an export value of 869 million 926 thousand dollars. The second group was mineral fuels and products with an export value of 512 million 133 thousand dollars while inorganic chemicals occupied the third place with an export value of 240 million 217 thousand dollars. ‘Inorganic chemicals’ were followed by ‘essential oils, cosmetics and soap’, ‘paint, varnish, ink, and products,’, ‘rubber, rubber products’, ‘pharmaceuticals,’ ‘miscellaneous chemical agents,’ ‘cleaning products,’ and ‘organic chemicals’ in the top ten.

Holland was the highest receiver of exports in July

Holland was the highest receiver of exports in July with 177 million dollars of export value. The top ten receiver of exports in July were Holland, USA, Russia, Romania, Iraq, Spain, Germany, Egypt, Italy, and England. The highest increase in July among the top 10 countries was achieved to Egypt with 157.57 percent.

Monthly chemicals export in 2024

MONTH    2023 VALUE ($)  2024 VALUE ($)  DIFFERENCE (%)
January             2,299,003,029.07             2,367,358,767.65  2.97%
February             2,261,956,042.17             2,616,870,924.35  15.69%
March             2,879,962,087.77             3,068,071,212.25  6.53%
April             2,381,533,446.92             2,496,010,527.48  4.81%
May             2,438,874,931.27             3,033,927,013.82  24.40%
June             2,383,564,571.33             2,230,363,909.90  – 6.43%
July             2,172,861,159.46             2,595,165,664.16  19.44%
TOTAL 16,817,755,268 18,407,768,020  9.45%

Highest receivers of Turkish chemicals exports in July 2024

NUMBER Country JULY 2023 VALUE ($) JULY 2024 VALUE ($) DIFFERENCE (%)
1 HOLLAND 119,087,657.18 177,044,739.15 48.67%
2 USA 95,760,834.31 133,828,810.22 39.75%
3 RUSSIA 134,764,541.76 128,615,255.55 -4.56%
4 ROMANIA 67,508,604.76 119,969,502.82 77.71%
5 IRAQ 92,182,100.61 110,182,293.67 19.53%
6 SPAIN 90,118,365.70 106,067,443.27 17.70%
7 GERMANY 87,041,468.23 105,428,042.19 21.12%
8 EGYPT 36,690,710.43 94,504,559.28 157.57%
9 ITALY 140,637,003.03 86,321,230.43 -38.62%
10 ENGLAND 73,082,624.21 85,957,371.53 17.62%

Sub-industry of chemicals exports in July 2024

    2023 -2024
  JULY 2023 JULY 2024 %  DIFFERENCE
PRODUCT GROUP (VALUE $)  (VALUE $) VALUE
PLASTICS AND PRODUCTS 723,596,448 869,926,379 20.22
MINERAL FUELS, MINERAL OILS AND PRODUCTS 513,227,770 512,133,898 -0.21
INORGANIC CHEMICALS 185,960,073 240,217,118 29.18
ESSENTIAL OILS, COSMETICS AND SOAP 145,672,723 189,010,655 29.75
PAINT, VARNISH, INK AND THEIR PRODUCTS 121,670,095 146,578,803 20.47
RUBBER, RUBBER PRODUCTS 106,587,360 136,976,799 28.51
PHARMACEUTICALS 97,681,463 119,361,406 22.19
MISCELLANEOUS CHEMICAL PRODUCTS 85,663,821 110,449,415 28.93
CLEANING PRODUCTS 69,691,920 81,176,068 16.48
ORGANIC CHEMICALS 63,371,074 75,419,165 19.01
FERTILIZERS 20,707,066 64,589,142 211.92
ADHESIVES, GLUES, ENZYMES 36,036,711 45,796,140 27.08
GUNPOWDER, EXPLOSIVES AND THEIR PRODUCTS 1,486,717 2,016,851 35.66
PHOTOGRAPHY AND CINEMATOGRAPHY PRODUCTS 1,346,265 1,310,407 -2.66
GLYCERIN, HERBAL PRODUCTS, DEGRAS, FATTY PRODUCTS 129,057 199,755 54.78
PROCESSED AMIANT AND MIXTURES, PRODUCTS 32,597 3,662 -88.77
TOTAL 2,172,861,159 2,595,165,664 19.44%
Tags: #brand#chemicals#company#export#İKMİB#industry#innovation#inorganic#Plastics#products#TİM
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