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Home Business Chemical industry exports increased by 12.72 percent

Chemical industry exports increased by 12.72 percent


According to the data of Istanbul Chemicals and Chemical Products Exporters’ Association, chemicals and products were exported last month worth $ 1.68 billion.

According to the statement made by the Istanbul Chemicals and Chemical Products Exporters’ Association (İKMİB), the sector’s exports in February increased by 12.72 percent compared to the same period of 2020 and reached $ 1 billion 683 million.

Belgium was recorded as the country with the most exports in February. Chemical exports to Belgium increased by 52.67 percent last month compared to the same period of 2020 and amounted to 88 million 96 thousand dollars.

Belgium was followed by Germany, Iraq, the Netherlands, Greece, Italy, Spain, England, Israel and the USA.

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In February, exports increased to 7 out of 10 countries to which the most exports were made. There was a decrease in exports to the Netherlands, Italy and the USA. Among the top 10 countries, the highest increase was recorded in Greece with 148.69 percent, while among the top 20 countries, the highest increase was in Nigeria with 419.27 percent.

In the first 2 months of the year, the countries with the most chemical exports were recorded as Italy, Germany, Iraq, USA, Spain, Lebanon, Belgium, Netherlands, Greece and England, respectively.

THE MOST EXPORT OF PLASTICS AND PRODUCTS IN FEBRUARY

Plastics and their products ranked first in chemical exports last month with 619 million 587 thousand dollars. Mineral fuels, mineral oils and products came second with 298 million 80 thousand dollars and inorganic chemicals came third with 147 million 601 thousand dollars.

In February, the highest increase in exports in sub-sectors was in organic chemicals with 88.69 percent, and the highest decrease was in mineral fuels, mineral oils and products with 10.07 percent.

The statement of the Chairman of the Board of Directors opinion fair given the location IKMIB Pelister, “Turkey’s pandemic despite the 1.8 percent growth in 2020, suggesting that we will finish this year with a stronger growth.” used the expression.

Chemistry, Turkey’s most exporting second sector as the country’s economy a major contribution to offer transfer Pelister, said: “Our industry 4.60 percent of exports in the 2-month period this year and reached 3.32 billion dollars. Our exports in the development of our national economy and to do our country We know that the increase in domestic investments is a very important leverage. We welcomed the inclusion of devices and dental products in the priority products list.

As İKMİB, we see that most of the products in our Turkish Chemical Industry Investment Priority Products report, which will brake imports in our sector and contribute to the reduction of the current account deficit, are also included in the announced list. The way for our members to apply for a project regarding the products on the list to be called by our Ministry of Industry and Technology in May or June has been opened. We expect the investments to be implemented as soon as possible. “

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