AKMİB's February Exports Exceed $391 Million

AKMİB February Exports Exceeded USD 391 Million Saadettin Çağan, Chairman of the Board of the Mediterranean Chemical Substances and Products Exporters Association (AKMİB), announced that in February they achieved 100.7% growth compared to the same month of the previous year, reaching USD 391.4 million in exports. Chairman Çağan emphasized that during a period when raw material, freight and energy costs are escalating worldwide, they are striving to make the best use of opportunities emerging from near-shoring trends. He noted that they achieved the highest export values in the Netherlands, France and Singapore markets.

"Eastern Mediterranean Will Shape the Future of Turkish Chemical Industry"

Highlighting that the chemistry sector is the locomotive force in Eastern Mediterranean exports, Chairman Saadettin Çağan stated that the Industry and Technology Cooperation Council is focusing on this region while shaping strategies in the chemistry sector. He expressed that the petrochemical facilities planned in Adana, the refinery, Ceyhan Yumurtalık Chemistry Specialization Organized Industrial Zone and Ceyhan Petrochemistry Industrial Zone will significantly lift AKMİB's export performance when brought to the national economy in the near future. Noting that investments shaping the future of the chemistry industry are positioned in over 80,000 decares of industrial land spanning the coastal strip from Adana to Hatay, Chairman Çağan stated: "Projects implemented in our region are being realized within a clustering framework. Through the clustering model that creates value such as product integration, public service integration, logistics and transportation integration, environmental protection integration, and management principles considering expertise, centralized investment, resource concentration and benefit creation, cost advantages of 8-10% can be achieved in facility investments producing high value-added products. Thanks to the advantages brought by the clustering model, our region, which has become a center of attraction in the chemistry sector, will assume key roles in import substitution and export increase."

"86% of Regional Exports Clustered in Three Product Groups"

Noting that the Turkish chemistry industry, which primarily manufactures various chemical raw materials and consumer products such as petrochemicals, soaps, detergents, fertilizers, pharmaceuticals, paints and varnishes, synthetic fibers and soda, achieved USD 2.4 billion in exports in February, and that AKMİB supported this with a 16.3% share, Chairman Çağan stated: "In the second month of the year, our Association marketed 555,000 tons of products in international markets, exporting mainly mineral fuels and mineral oils, plastics and plastic products, and inorganic chemicals. These three product groups constituted 86% of our region's exports. In mineral fuels and mineral oils we achieved USD 236 million in export value with 130% increase, in plastics and plastic products USD 68.5 million with 63% increase, and in inorganic chemicals USD 31.8 million with 53% increase."

"We Achieved Over 1,400-Fold Growth in Singapore Market"

Evaluating AKMİB's February exports by country, Chairman Çağan emphasized that they are undergoing major acceleration particularly in the Singapore market and achieved record growth of over 1,400-fold. Chairman Çağan stated: "In February we reached the highest export values in the Netherlands, France and Singapore markets. We exported USD 59.4 million to the Netherlands with 55.1% increase, USD 52.1 million to France with 3,181% increase, and USD 50.7 million to Singapore with 143,899% increase. In addition to these countries, we also increased our presence in the United States, Spain, Northern Cyprus and Italy markets."