Record Exports Came from the Chemical Industry!

Record exports from the chemical industry
Record exports from the chemical industry

According to the data of the Istanbul Chemicals and Products Exporters' Association (IKMIB), the chemical industry achieved a record $3,3 billion export in April. The chemical industry, which rose to the position of the leading sector in March, became the first sector for the second time in a row as the sector that exports the most in April. The sector's exports grew by 53 percent compared to last year. Total exports in the first four months of this year, on the other hand, increased by 44,7 percent and reached 10,8 billion dollars.

Evaluating the April export figures of the chemical industry, Adil Pelister, Chairman of the Istanbul Chemicals and Products Exporters' Association (IKMIB), said, “Our export performance as the chemical industry continues to increase. We have been the leading sector in exports for two consecutive months. We broke our new export record on a monthly basis with 3,3 billion dollars in April. While our exports increased by 53 percent in April, our exports in the first four months increased by 44,7 percent and reached 10,8 billion dollars. In April, we exported mostly mineral fuels, mineral oils and products, plastics and their products, and inorganic chemicals. The top three countries to which we export the most were the Netherlands, the USA and the Republic of South Africa. As long as we continue with this performance, we believe that we will easily exceed our year-end target of 28 billion dollars. On the other hand, the pressure exerted by the Russia-Ukraine crisis on commodity and energy prices indicates that rising prices will continue in this way for a long time. In addition, the pressure of global inflation is an important factor affecting us. Despite these challenging conditions, our exporters are trying to seize opportunities for countries such as the European Union and the USA to seek alternative suppliers. The fact that our Turkish products meet the increase in demand in these target markets is also reflected in our export figures. As İKMİB, we aim to produce high value-added products and raise our companies to a more competitive position with the Chemical Technology Center (KTM), which we plan to commission by the end of this year. Our target will be to reach the sectoral first place permanently in 2030, to increase our total sectoral exports over 50 billion dollars and our unit-kilogram export value to over 1,5 dollars,” he said.

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