Our Chemical Exports Closed the First Quarter with a 10,35 Percent Decrease in Value

Our Chemical Exports Closed the First Quarter with a 10,35 Percent Decrease in Value. Chemical exports in the first quarter amounted to 4,53 billion 10,35 million dollars with an increase of 3 percent in quantity and a decrease of 341 percent in value compared to the same period of the previous year.

Istanbul Chemicals and Products Exporters' Association According to (IKMIB) data, chemical exports in the first quarter amounted to 4,53 billion 10,35 million dollars with an increase of 3 percent in quantity and a decrease of 341 percent in value compared to the same period of the previous year.

Exports in March, on the other hand, decreased by 11 percent on value basis and amounted to 1 billion 194 million dollars. Germany, the Netherlands, Egypt, Iraq, Italy, Saudi Arabia, Iran, England, Belgium and Israel were included in the list of the top 10 countries to which chemistry exports the most last month. The demand from the Union countries backed up.

In the January-March period, the most exports were made to Germany. Exports to the country increased by 7,8 percent in quantity and decreased by 1% in value, amounting to 207,5 million dollars. Other countries to which the highest exports were made during this period were Egypt, Iraq, Italy, Saudi Arabia, United Arab Emirates, Iran, Netherlands, Greece and Spain. It is noteworthy that half of the top 10 are made up of EU countries, while exports to Italy increased by 9,14 percent and exports to Spain increased by 16 percent.

first quarter chemical industry When the exports were evaluated on the basis of sub-sectors, it was seen that plastics and its products, mineral fuels and oils, rubber and rubber goods exported the most. In the first three months of the year, the star of the sub-sectors was plastics and its products with an export of 1 billion 186 million dollars.

The export of plastics and its products, which increased by 13,27 percent in quantity and 8,22 percent in value in March, amounted to 445,5 million dollars. Among the countries where plastics are exported the most, it was observed that there was an increase of 43,37 percent in Germany, 68,50 percent in Italy and 37,83 percent in Romania.

Chairman of the Board of İKMİB, whose views are included in the statement. Murat AkyüzStating that the first quarter figures show that the European Union (EU) countries will play an active role in this year's exports, he said, “This dynamism in the European market, which has been stagnant for a long time, is also promising for the coming months. Our association focuses on target markets as well as existing ones. In this direction, we take part in important fairs related to our sector from the Far East to South America. Again, we continue our trade delegations without slowing down.” used the phrases.

BTSO Continues to Strengthen the Chemical Industry

Source: expertpara.milliyet

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