February Chemical Exports Figures Announced

February Chemical Export Figures Released The chemical sector achieved USD 2.25 billion in exports during February. The sector's exports for the first two months of this year reached USD 4.55 billion. A contraction of 0.52% occurred in exports during the January-February period this year. The sector captured a 13.6% share of the country's total exports with its February performance. Adil Pelister, Chairman of the Board of the Istanbul Chemical Substances and Products Exporters Association (İKMİB), commenting on the chemical sector's February export figures: "We experienced a great disaster in February. It is a fact that this sorrowful process has deeply affected all of us. I wish mercy from God for our citizens who lost their lives, patience for their families, and recovery for our country. Producers and exporters in our sector have provided support from the first day onwards to meet urgent needs in the earthquake-affected regions, and continue to do so. We are trying to heal the wounds of this great tragedy, described as the disaster of the century, together. In February, our country's exports reached USD 18.6 billion. Our chemical sector's exports amounted to USD 2.25 billion. We see that exports are one of the most important supports for reviving the economy and production in the earthquake-affected regions. In this respect, as exporters, we will work even harder with awareness of our responsibility. We will continue our international activities intensively in the coming period. As a sector that makes the most important contribution to economic development and touches 27 sectors, I believe that together with our government and institutions, we will overcome this challenging period to help heal our country's wounds. Both as İKMİB and as TİM, the umbrella organization of our exporters, we will continue to provide every kind of support."  

Italy was the country with the highest exports in February

  Italy was the country with the most exports in February. Other countries in the top ten following Italy in February were Spain, Russia, Germany, USA, Romania, Malta, Netherlands, United Kingdom and Iraq. Among the top 10 countries in February, Russia saw the highest increase at 179.98%. Chemical exports to Italy in February reached USD 166.7 million. Compared to the same period last year, this represented a 36.38% increase. The top five product groups exported to Italy in February were, in order: "mineral fuels, mineral oils and products", "plastics and plastic articles", "inorganic chemicals", "organic chemicals" and "rubber and rubber articles".  

In February, "plastics and plastic articles" recorded the highest exports

  In February, among chemical substances and products groups, plastics and plastic articles exports ranked first in chemical exports with USD 715.819 million. Mineral fuels and products ranked second with USD 515.426 million in exports, while inorganic chemicals exports ranked third with USD 249.612 million. Following inorganic chemicals, other sectors in the top ten were: "essential oils, cosmetics and soap", "pharmaceutical products", "rubber and rubber articles", "paints, varnishes, inks and preparations", "miscellaneous chemical substances", "organic chemicals" and "washing preparations".