Sector's Exports Exceed $2 Billion in Two Months

Chemical exports up 36% by volume, down 2.5% by value

According to data released by İKMİB, the chemical sector achieved USD 1.149 billion in exports in February. The sector, which recorded a 36% increase by volume, reached 1.651 million tonnes in exports. Maintaining its third-place ranking after automotive and ready-made garments and textiles, the chemical sector achieved USD 2.154 billion in exports in the two-month period. The top three countries receiving the most exports in the second month of the year were Egypt, Germany and Iraq. The United Arab Emirates, Iran, Greece, Italy, Romania, Spain and the United Kingdom ranked among the other top 10 countries. Exports to Egypt, which had been experiencing export losses for some time, rose by 11%, while exports to Germany increased by 14%. Increases of 62% to Greece and 44% to Romania drew attention, while Singapore set a record with an 817% increase. Of the total exports, 36% went to European Union countries. In the January-February period, the countries receiving the most exports were Germany, Egypt, Iraq, the United Arab Emirates, Saudi Arabia, Italy, Iran, Greece, Spain and the United Kingdom.

İKMİB Board Chairman Murat Akyüz

commented on the chemical sector's export performance in February: "Turkey is experiencing a recovery in exports in February overall. This effect is being felt in the chemical sector. We continue to be the country's third-largest exporting sector. We have accelerated our activities to boost our export performance as a sector. For our sectors such as medical, cosmetics, plastics and pharmaceuticals, we organize trade fairs and trade delegation events in different parts of the world." Akyüz noted that they will conduct a national participation organization for Italy's Cosmoprof Fair, one of Europe's largest cosmetics gatherings, in March, and emphasized that they continue their work without interruption despite all negative developments.

Chemical sector exports in February 2016

 

		2015-2016
	February 2014	Difference (%)	February 2015	February 2016
Product Group	Value (USD)	Value	Value (USD)	Value (USD)
GLYCERIN, VEGETABLE PRODUCTS, DEGRA, FATTY SUBSTANCES	17,671	112.02	15,047	31,903
MINERAL FUELS, MINERAL OILS AND PRODUCTS	426,820,940	-21.75	282,489,437	221,047,349
INORGANIC CHEMICALS	109,799,109	-1.15	73,490,554	72,641,996
ORGANIC CHEMICALS	45,757,666	-16.41	37,378,519	31,246,374
PHARMACEUTICAL PRODUCTS	72,673,471	-8.97	65,496,680	59,618,915
FERTILIZERS	11,684,598	145.22	16,513,245	40,493,694
PAINTS, VARNISH, INK AND PREPARATIONS	56,595,577	1.34	48,182,257	48,826,802
ESSENTIAL OILS, COSMETICS	60,867,879	9.49	50,147,285	54,906,892
SOAP AND WASHING PREPARATIONS	75,871,410	7.56	65,607,287	70,568,401
ADHESIVES, GLUES, ENZYMES	14,572,545	-1.54	12,969,696	12,770,546
GUNPOWDER, EXPLOSIVES AND DERIVATIVES	544,731	-43.54	759,214	428,626
PRODUCTS USED IN PHOTOGRAPHY AND CINEMATOGRAPHY	2,066,505	10.38	756,529	835,091
MISCELLANEOUS CHEMICAL SUBSTANCES	39,581,475	0.85	38,333,985	38,660,360
PLASTICS AND PLASTIC PRODUCTS	426,053,924	2.27	392,243,874	401,140,119
RUBBER, RUBBER GOODS	112,778,987	1.40	94,590,251	95,915,363
PROCESSED ASBESTOS AND MIXTURES, PRODUCTS	16,872	138.69	30,189	72,057
TOTAL:	1,455,703,358	-2.53	1,179,004,047	1,149,204,488

Which countries received the most chemical exports in February 2016?

Chemical exports in 2016

	2015 (USD)	2016 (USD)	DIFFERENCE (%)
January	1,200,507,517.58	1,004,933,523.77	-16.29
February	1,179,004,047.29	1,149,204,487.61	-2.53