Chemical sector exports exceed $3 billion

Turkey's Exporters Assembly (TİM) released the country's export figures for March. According to the announced data, chemical industry exports increased by 5.6% compared to the same month of the previous year, surpassing USD 3 billion. TİM announced export figures for March. According to data from TİM, exports declined by 4.1% compared to the same month of the previous year, reaching USD 22.5 billion. Despite the decline in overall exports, the chemical industry increased its exports and became the second-largest exporting sector in March. Chemical industry exports, which rose by 5.6% compared to the same month of the previous year, exceeded USD 3 billion. Chairman of İKMİB Board of Directors Adil Pelister evaluated the export figures Regarding March's export figures, İstanbul Kimyevi Maddeler ve Mamulleri İhracatçıları Birliği (İKMİB) Board of Directors Chairman Adil Pelister made comments. Pelister stated: In March, our chemical industry achieved exports exceeding USD 3 billion with an increase of 5.6% compared to the same month of the previous year and became the second sector by capturing 13.5% of the country's exports. While there was a decline in overall exports in March, it is gratifying that our chemical industry remained on the positive side and improved its performance. Looking at the first quarter figures, we see that our exports exceeded USD 8 billion. During this period, our sector exports grew by 7.7%. Among the subsectors with the highest exports in March, mineral fuels and products, plastics and articles, and inorganic chemicals ranked in the top three. In the ranking of countries with the highest exports, the Netherlands, Romania, and Italy ranked in the top three. As İKMİB, we are continuing our activities intensively. We anticipate that with the elimination of election uncertainty, more weight will be given to the economy and exports. We will continue to work harder each month to sustain this export growth." Mineral fuels and products ranked first in exports Looking at exports in chemical substances and articles product groups, in March the highest export of USD 1 billion 82 million 391 thousand was realized in the mineral fuels and products group. Plastics and articles ranked second with exports of USD 811 million 326 thousand, followed by inorganic chemicals with USD 232 million 274 thousand. Other sectors in the top ten were: essential oils, cosmetics and soap; rubber and rubber articles; pharmaceutical products; paints, varnishes, ink and preparations; miscellaneous chemical substances; washing preparations; and organic chemicals. Exports to Romania increased by 275.52% The top ten countries with the highest exports in March were announced as the Netherlands, Romania, Italy, Egypt, Spain, Russia, USA, Germany, Belgium, and Iraq. The largest export increase occurred in Romania at 275.52%.