Turkey's exports in October reached $23.6 billion, with a 3.6% increase. The automotive sector ranked first in exports with $3.5 billion, while the chemical sector followed as Turkey's second biggest export sector with $2.47 billion in October. Ömer Karadeniz, Chairman of the Federation of Plastic Industrialists, stated that exports of plastics and products ranked first among chemical substances and products with $819 million.
According to data from the Turkish Exporters Assembly (TİM), Turkey's exports amounted to $23.6 billion in October, reflecting a 3.6% increase. Among the leading export sectors, automotive led with $3.5 billion, while the chemical sector recorded an export of $2.47 billion in October, marking it as Turkey's second highest exporting sector. In the first ten months of the sector, exports reached $26 billion, with a 2.7% increase.
In terms of chemical substances and products, exports of plastics and products held the first position with $819 million, followed by mineral fuels and products with $442 million, and inorganic chemicals with $240 million. Other sectors in the top ten included: volatile oils, cosmetics, and soap at $153 million, rubber and rubber products at $138 million, paint, varnish, ink, and preparations at $134 million, pharmaceuticals at $114 million, miscellaneous chemical substances at $108 million, organic chemicals at $66 million, and adhesives and glues at $45 million.
“A Record for Turkey’s Exports in October”
Ömer Karadeniz, the Chairman of the Federation of Plastic Industrialists, stated that the export figure of $23.6 billion in October represents a 3.6% increase compared to the same month last year, marking the highest October exports to date.
Karadeniz noted that exports are significant for a country's economic growth, international relations, and the competitiveness of businesses: “The importance placed on exports is increasing for businesses to compete in global markets and enhance economic prosperity.” He emphasized the critical importance for businesses and countries to understand how exports function and take appropriate steps in this area.
Looking at TİM’s data, Karadeniz recorded that there was an increase of over $800 million compared to the previous year, and highlighted that Turkey's merchandise exports rose from $209.7 billion to $216.4 billion in the first ten months of 2024.
Stressing the need to support businesses operating in the sector as the umbrella organization PLASFED, Karadeniz pointed out that despite the adversities faced by the Turkish economy, it continues to enhance its strength through innovation, production, investment, employment, and export-oriented policies.
Karadeniz expressed the desire for continuous support of Turkey's exports, stating, “Our sector primarily requires state support and easier access to financing during the economic recovery process. As plastic industrialists, we will continue to work hard to achieve our goals.”
Translated by Artificial Intelligence
