October Export of Chemical Industry
According to the data of the Istanbul Chemicals and Chemical Products Exporters’ Association (IKMIB), the exports of the chemical industry in October reached $2.31 billion. The exports of the sector increased by 34.14 percent compared to October last year. Chemicals and chemical products exports made in the January-October period this year exceeded 20 billion dollars and amounted to 20 billion 576 million dollars in value. Exports of the sector in a ten-month period increased by 38.39 percent.
Assessing the October export figures of the chemicals industry, Chairman of the Istanbul Chemicals and Chemical Products Exporters Association (IKMIB), Adil Pelister said: “Our chemical exports in October increased by 34.14 percent and amounted to 2 billion 316 million dollars. In the first ten months, our exports increased by 38.39 percent and amounted to 20 billion 500 million dollars. In October, we exported mostly “plastics and
products”, “mineral fuels, mineral oils and products” and “inorganic chemicals”.
In October, Lebanon was the highest receiver of our exports, followed by Greece
and Germany. We continue to be the second largest exporting industry on an annual basis. This success in our exports makes us proud. When we look at the average
capacity utilization rate of the chemicals industry in October, we see that it increased from level 73 to level 75 compared to September. While these data give us hope,
increases in commodity prices, exchange rate volatility, increases in electricity and natural gas prices are challenging our producers and exporters. We expect such
burdens, that cause an additional cost especially on our energy-intensive industry, are removed and that our efforts are facilitated. If we can overcome these problems,
our exports will increase even more.”
Lebanon Received the Highest Exports in October
Lebanon received the highest exports in October. Other countries in the top ten following Lebanon in October were Greece, Germany, Iraq, Belgium, the Netherlands, Italy, Republic of South Africa, Britain, and the U.S.A. In October, the highest increase in exports among the top 10 countries was to the Republic of South Africa with
788.11 percent.
Chemical exports to Lebanon in October amounted to 123 million 329 thousand dollars. Compared to the same period of last year, it increased by 109.29 percent. The top five product groups exported to Lebanon the most in October were “mineral fuels, mineral oils and products”, “plastics and products”, “washing products”, “essential oils, cosmetics and soap”, and “inorganic chemicals”.
In the January-October period of 2021, the countries in the top ten list that received the highest chemicals exports were the Netherlands, Germany, USA, Iraq, Italy,
Greece, Belgium, Spain, Britain, and Lebanon, respectively.
“Plastics and Plastic Products” were Exported the Most in October
In October, exports of plastics and plastic products in chemicals and chemical products group ranked first in chemical exports amounting to 761 million 680 thousand dollars. Mineral fuels, mineral oils and products occupied the second place with exports amounting to 571 million 66 thousand dollars, while inorganic chemicals exports occupied the third place amounting to 171 million 165 thousand dollars. Following ‘inorganic chemicals’, other sectors in the top ten are ‘essential oils, cosmetics and soap’, ‘rubber, rubber products’, ‘pharmaceutical products’, ‘fertilizers’, ‘paint, varnish, ink and preparations’, ‘organic chemicals’, and ‘various chemicals’.
In October, the highest increase in exports in sub-sectors was achieved in the fertilizers sector with 301.30 percent.
