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The chemicals industry achieved the highest export increase in the first 8 months

According to data provided by Turkish Exporters Assembly (TİM), exports of Türkiye increased by 2.4 percent in August compared to the same period last year and achieved 22.1 billion dollars in export value, breaking a record for the month of August. Chemicals industry that achieved an export value of 2.6 billion dollars in August as the second highest exporting industry. The industry achieved the highest export increase by 7.7 percent in the first eight months from January to August

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Ekim 3, 2024
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Commenting on export figures of the chemicals industry in August, Chairman of Board of the Istanbul Chemicals and Chemical Products Exporters’ Assembly (İKMİB), Adil Pelister said: “In August, our chemicals industry achieved 2.6 billion dollars of export value and preserved its ranking as the 2nd highest exporting industry among all industries. In the first 8 months of the year our exports as an industry reached 21 billion

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

dollars. In this period, our industry increased its exports by 7.7 percent, increasing its exports the most among all industries. Exports contributed to our country’s growth in the second quarter as well. As declared by our Minister of Trade, half of growth in the second quarter of the year came from export of goods and services. As one of the industries that contribute the most to our national growth, we support the measures taken in the scope of fight against inflation, while our industry also requires the governmental support, legal regulations, and facilitated financing. We believe that we can get over this process by fighting as one and in unison. We will continue to work to reach our targets and contribute to our country.”

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

Plastics and products became the highest exported chemicals and products product group in August with an export value of 857 million 511 thousand dollars. The second group was mineral fuels and products with an export value of 542 million 331 thousand dollars while inorganic chemicals occupied the third place with an export value of 253 million 204 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 ‘organic chemicals’ in the top ten.

Romania was the highest receiver of exports in August

Romania was the highest receiver of exports in August with 236 million dollars of export value. The top ten receiver of exports in August were Romania, Holland, Russia, USA, Iraq, Germany, Italy, Egypt, England, and Spain. The highest increase in August among the top 10 countries was achieved to Egypt with 117.31 percent.

 

Monthly chemicals export in 2024

MONTH 2023 VALUE ($) 2024 VALUE ($) DIFFERENCE (%)
January             2,299,003,029.07             2,367,256,050.49 2.97%
February             2,261,956,042.17             2,617,207,325.49 15.71%
March             2,879,962,087.77             3,077,097,725.11 6.85%
April             2,381,533,446.92             2,495,889,529.82 4.80%
May             2,438,874,931.27             3,018,841,357.81 23.78%
June             2,383,546,414.36             2,231,797,665.63 – 6.37%
July             2,172,860,290.96             2,589,720,108.78 19.18%
August             2,657,908,866.30             2,576,174,566.57 -3.08%
TOTAL 19,475,645,109 20,973,984,330 7.69%

Highest receivers of Turkish chemicals exports in August 2024 

NUMBER Country AUGUST 2023 VALUE ($) AUGUST 2024 VALUE ($) DIFFERENCE (%)
1 ROMANIA      146,421,517.04      236,657,783.93 61.63%
2 HOLLAND      213,408,510.53      151,180,385.56 -29.16%
3 RUSSIA      143,833,438.17      135,446,336.97 -5.83%
4 USA      125,855,592.52      112,677,516.10 -10.47%
5 IRAQ      119,554,756.04      109,780,852.57 -8.18%
6 GERMANY      103,459,508.00      107,450,002.15 3.86%
7 ITALY       88,834,615.57       97,287,047.73 9.51%
8 EGYPT       38,245,868.81       83,113,107.77 117.31%
9 ENGLAND       74,823,048.30       79,319,639.67 6.01%
10 SPAIN       87,506,364.91       73,750,950.47 -15.72%

Sub-industry of chemicals exports in August 2024

    2023 -2024
  AUGUST 2023 AUGUST 2024 %  DIFFERENCE
PRODUCT GROUP (VALUE $)  (VALUE $) VALUE
PLASTICS AND PRODUCTS 801,672,183 857,511,816 6.97%
MINERAL FUELS, MINERAL OILS AND PRODUCTS 742,340,031 542,331,893 -26.94%
INORGANIC CHEMICALS 204,045,409 253,204,993 24.09%
ESSENTIAL OILS, COSMETICS AND SOAP 186,013,874 188,917,795 1.56%
RUBBER, RUBBER PRODUCTS 132,862,126 133,458,944 0.45%
PAINT, VARNISH, INK AND THEIR PRODUCTS 129,608,834 132,689,691 2.38%
PHARMACEUTICALS 108,190,408 122,013,542 12.78%
MISCELLANEOUS CHEMICAL PRODUCTS 101,697,680 104,564,430 2.82%
CLEANING PRODUCTS 75,263,984 84,111,577 11.76%
ORGANIC CHEMICALS 72,862,277 72,224,826 -0.87%
ADHESIVES, GLUES, ENZYMES 46,037,540 43,753,488 -4.96%
FERTILIZERS 53,684,528 38,808,308 -27.71%
GUNPOWDER, EXPLOSIVES AND THEIR PRODUCTS 1,570,727 1,170,038 -25.51%
PHOTOGRAPHY AND CINEMATOGRAPHY PRODUCTS 1,751,490 1,118,683 -36.13%
GLYCERIN, HERBAL PRODUCTS, DEGRAS, FATTY PRODUCTS 293,013 274,687 -6.25%
PROCESSED AMIANT AND MIXTURES, PRODUCTS 14,765 19,857 34.48%
TOTAL 2,657,908,866 2,576,174,567 -3.08%
Tags: #brand#chemicals#company#export#İKMİB#industry#innovation#Plastics#products#TİM
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