The chemicals sector undersigns one success after another

According to data from Istanbul Chemicals and Chemical Products Exporters’ Association (IKMIB), the chemicals sector broke a record in 11 months of 2019 with the export value of 18.8 billion U.S. Dollars it achieved. Continuing the year as the second sector with the highest export, the chemicals sector achieved one success after another. The sector also came forward with its exports to the highest number of countries among all sectors and occupied the top position making exports to 208 countries and regions in November.

Drawing attention with its increased export performance, the chemicals sector achieved a 23 percent increase in exports in November 2019 and reached 1.83 billion U.S. Dollars. Eleven months of exports by the sector increased 18 percent and reached 18.8 billion U.S. Dollars. Thus the chemicals sector broke export record of all times with its 11 months of export.

Chairman of the Board of Directors of Istanbul Chemicals and Chemical Products Exporters’ Association (IKMIB), Mr. Adil Pelister said: “Our chemicals sector reached the export value of 1.83 billion U.S. Dollars in November which once again made it the second sector with the largest export volume while breaking exports record with a total export value of 18.8 billion U.S. Dollars in 11 months. In addition, we achieved a major success by becoming the sector with the highest number of countries on its export portfolio with 208 countries and regions we exported to. The highest volume of exports our sector reached was 17,851,000,000 U.S. Dollars. I would like to congratulate our companies, followed by all sector representatives and partners who went beyond this number in the eleven months of this year with the export value of 18.8 billion U.S. Dollars for contributing to this significant success and making us proud. Hopefully we will surpass the export value of 20 billion U.S. Dollars that was our target for the entire year and break another record.”

Pelister also touched upon growth figures declared on December 2nd and continued as: “We believe the 0.9 percent growth rate for the third quarter of the year is a reflection of steadfast efforts of our financial governance. These positive developments give us hope for the future.”

In November the largest volume of exports was made to Holland

In November Holland received the highest volume of exports from the sector. Other countries that followed Holland in top ten in November were Spain, Iraq, Egypt, Germany, France, Italy, Greece, Algeria, and Russia.

Chemicals export to Holland in November 2019 was worth 110,837,000 U.S. Dollars. In November, Holland was exported “mineral fuels, mineral oils and products”, “plastics and plastic products”, “inorganic chemicals”, “volatile oils, cosmetics and soap”, “rubber, rubber goods”, “various chemical agents” and “pharmaceuticals” the most. Eleven months of chemicals export to Holland this year reached 998,743,000 U.S. Dollars value.

Between January and November of 2019, Holland, Iraq, Italy, Spain, Germany, Egypt, the USA, Malta, Greece, and England were the top ten countries that received the highest volume of chemicals exports.

In the chemicals sector, the most exported products were in “mineral fuels, mineral oils and products” sub-sector

Considering sub-sectors, in November mineral fuels, mineral oils and products occupied the top place with the export value of 553,229,750 U.S. Dollars. Plastics and plastic products occupied the second place with the export value of 512,769,439 U.S. Dollars it reached while exports in inorganic chemicals occupied the third place with 176,612,455 U.S. Dollars. Other sub-sectors in the top-ten following inorganic chemicals were ‘volatile oils, cosmetics and soap’, ‘rubber, rubber products’, ‘pharmaceuticals’, ‘paint, varnish, ink and ink products’, ‘various chemical agents’, ‘washing agents’ and ‘organic chemicals’.

Monthly distribution of chemicals exports in 2019

Countries that received the highest number of chemicals exports in November 2019

Sub-sectors of chemicals exports in November 2019