Chemical Exports Increased by 36 percent in Quantity and Decreased by 2,5 percent in Value in February

Chemical Exports Increased by 36 percent in Quantity and Decreased by 2,5 percent in Value in February. According to the data announced by the Istanbul Chemicals and Products Exporters' Association (IKMIB), the chemical industry exported 1 billion 149 million dollars in February. The sector, which recorded an increase of 36 percent on the basis of quantity, reached 1 million 651 thousand tons of exports. Maintaining its third place after the automotive, ready-made clothing and apparel sectors, chemistry achieved exports of 2 billion 154 million dollars in two months.

In the second month of the year, the top three export destinations were Egypt, Germany and Iraq. The United Arab Emirates, Iran, Greece, Italy, Romania, Spain and the United Kingdom were listed as other top 10 countries. Exports to Egypt, which has experienced export loss for a long time, increased by 11 percent and to Germany by 14 percent in this period. While the increases of 62 percent to Greece and 44 percent to Romania were remarkable, Singapore broke the record with an increase of 817 percent. 36 percent of exports belong to European Union countries. In the January-February period, the most exported countries were Germany, Egypt, Iraq, United Arab Emirates, Saudi Arabia, Italy, Iran, Greece, Spain and England.

Istanbul Chemicals and Products Exporters' Association (İKMİB) Chairman of the Board Murat Akyüz evaluated the chemical export performance in February and said: “There is a recovery in exports in February across Turkey. This effect is also felt in the chemical industry. We continue to be the third largest exporting sector of our country. As a sector, we accelerated our activities that will increase our export performance. We organize both fairs and trade delegation organizations to different points of the world for our sectors such as medical, cosmetics, plastics and pharmaceuticals.”

Stating that they will organize a national participation organization in Italy Cosmoprof Fair, one of the biggest cosmetic meetings in Europe, in March, Akyüz underlined that they continue their work without interruption despite all negative developments.

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Source : turkchemonline

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