According to the data from the Turkish Exporters Assembly (TİM), Turkey's exports amounted to 23.6 billion dollars in October. The chemical sector, by realizing 2.4 billion dollars in exports in October, managed to maintain its position as Turkey's second largest exporting sector. The chemical sector's exports for the first 10 months approached 26 billion dollars, with a 2.7 percent increase.
Adil Pelister, Chairman of the Board of Directors of the Istanbul Chemicals and Chemical Products Exporters' Association (İKMİB), evaluating the chemical sector's October export figures, stated that the chemical sector realized 2.4 billion dollars worth of exports in October. Pelister announced that as Turkey's second largest exporting sector, they continue to contribute the most to the country's economy, saying, “In October, the Netherlands was the country with the most exports, followed by Russia and Iraq in the top three. The top three chemical products and derivatives groups exported in October were plastics and their products, mineral fuels, mineral oils and products, and inorganic chemicals. Especially in mineral fuels, there was a significant decline due to a 56-day planned maintenance slowdown at one of our country's large petrochemical facilities. We believe that our export figures will increase when this situation returns to normal.”
Pelister noted that the sector's 10-month exports approached 26 billion dollars with a 2.68 percent increase, stating that as İKMİB, they will continue to support their sector and work with all their strength to increase exports.
Plastics and their products were the star of October
In October, among the chemical products and derivatives groups, exports of plastics and their products ranked first in chemical exports with 839 million 72 thousand dollars. In second place were mineral fuels and products with 442 million 296 thousand dollars in exports, while inorganic chemicals exports ranked third with 223 million 362 thousand dollars. The other sectors in the top 10, following ‘inorganic chemicals’, were; ‘essential oils, cosmetics and soap’, ‘rubber, rubber goods’, ‘paints, varnishes, inks and preparations’, ‘pharmaceutical products’, ‘miscellaneous chemical substances’, ‘washing preparations’ and ‘organic chemicals’.
Most exports were made to the Netherlands
In October, the most exports, amounting to 172 million dollars, were made to the Netherlands. The other top 10 most exported countries were, respectively, the Netherlands, Russia, Iraq, Romania, Germany, USA, Italy, United Kingdom, Spain, and Egypt. Among the top 20 countries in October, the highest increase, at 108.86 percent, was observed in Saudi Arabia.
This content has been translated using artificial intelligence technology.