Exports of the Chemicals Industry Exceeded 25 Billion Dollars
According to data provided by Istanbul Chemicals and Chemical Products Exporters Association (IKMIB), exports of the chemicals industry in December reached 2 billion 49 million dollars. Exports by the industry increased by 38.24 percent compared to December of last year. The industry achieved 38.79 percent increase in 2021 compared to 2020 to achieve 25 billion 4 million dollars’ worth of exports and broke a new record to conclude the year as the second in line following automotive industry.
Iraq Became the Highest Receiver of Exports in December
Iraq became the highest receiver of exports in December. Other countries that followed Iraq and became the top ten receiver of chemicals exports in December were Germany, Lebanon, the USA, Italy, Greece, Spain, Belgium, France, and Israel. Among the top ten countries, exports to Greece achieved the highest increase in December with 140.09 percent.
Chemicals export to the Iraq in December reached 146 million 205 thousand dollars in value. This figure increased by 37.41 percent compared to the same period of 2020. The product groups that were exported the most to Iraq in December were “plastics and products”, “mineral fuels, mineral oils, and products”, “essential oils, cosmetics, and soap,” “pharmaceuticals,” paint, varnish, ink, and products”.
The top ten countries that received the highest exports in January-December 2021 were the Netherlands, Germany, Iraq, the USA, Italy, Greece, Belgium, Spain, Britain, and Lebanon.
“Plastics and Products” Was the Highest Exported Product Group in December
Plastics and products became the highest exported chemicals and products product group in December with 848 million 512 thousand dollars’ worth of exports. The second group was mineral fuels, mineral oils, and products with 629 million 480 thousand dollars’ worth of exports while inorganic chemicals occupied the third place with 186 million 847 thousand dollars’ worth of exports. ‘Inorganic chemicals’ were followed by ‘pharmaceuticals’, ‘essential oils, cosmetics and soap’, ‘rubber, rubber products’, ‘various chemical agents,’ ‘paint, varnish, ink, and their products’, ‘organic chemicals’, and ‘cleaning products’.
The highest increase in exports in December was in mineral fuels, mineral oils, and products sub-sector with 113.87 percent.
