AKMİB Achieves USD 401 Million in Exports

AKMİB Achieved USD 401 Million in Exports Mediterranean Chemical Substances and Products Exporters Association (AKMİB) Chairman of the Board Saadettin Çağan announced that in October, with USD 401 million in exports, they realized 28 percent of AKİB's total exports. Noting that in the 10th month of the year they achieved the highest export values in the Netherlands, United States and Turkish Republic of Northern Cyprus markets, AKMİB Chairman Saadettin Çağan stated that they obtained the strongest growth in export volume in the Morocco, United States and France markets.

Chairman Saadettin Çağan, stating that Turkey's chemical sector's October exports were USD 2.6 billion, up 15.4 percent compared to the same period last year, and that AKMİB contributed 15.3 percent to this performance, made the following remarks on the subject:

"Changes in the global economy are directly affecting our sector in a period where currency fluctuations, increases in energy costs, sharp movements in commodity prices, and the effects of the war between Russia and Ukraine continue. In this challenging period, particularly energy costs stand before us as our sector's biggest challenge. There is price decline in some raw materials, but the problems we face in accessing financing limit our room for maneuver in these areas as well. More accessible financing and ensuring cash flow, creating a predictable environment will increase our competitive strength. We expect support for our exporters to be increased in this direction." [caption id="attachment_146277" align="aligncenter"] AKMİB Chairman of the Board Saadettin Çağan[/caption]

Chairman Saadettin Çağan, noting that the chemical sector has a wide range of sub-sectors including petrochemical products, plastics, paints, rubber, cleaning products, cosmetics, pharmaceuticals, fertilizers, organic and inorganic chemicals, and medical products, made the following statements when evaluating the region's exports by product groups in October:

"Our association placed 533 thousand 134 tons of products in international markets in October. Mineral fuels and mineral oils, plastics and their products, and inorganic chemicals comprised 88.8 percent of our exports in the 10th month of the year. Mineral fuels and mineral oils ranked first in our exports with a 12 percent decline and a value of USD 261.2 million. This product group was followed in second place by plastics and their products with a 33 percent increase and a value of USD 65.2 million, and in third place by inorganic chemicals with a 27 percent increase and a value of USD 29.3 million. Looking at the product groups where we achieved the strongest growth in export volume in October, soaps and washing preparations stood out with a 66 percent increase and a value of USD 7.4 million, and chemical furniture (from plastic materials) with a 56 percent increase and a value of USD 3.4 million."

"We achieved record increases in Morocco, United States and France markets"

Emphasizing that despite all the problems experienced in global economies, AKMİB achieved increases exceeding 21 times in the Morocco, United States and France markets in its October exports, Chairman Saadettin Çağan stated that AKMİB's leading markets in the said period were the Netherlands, United States and Turkish Republic of Northern Cyprus (TRNC). Chairman Saadettin Çağan said, "When we evaluate regional exports by country, in October the country where we made the most foreign sales was the Netherlands with a 214 percent increase and a value of USD 145.9 million. This country was followed by the United States with an 842 percent increase and a value of USD 43.6 million, and TRNC with a 54 percent increase and a value of USD 24.1 million. Looking at the countries where we achieved the highest increases in export volume in October, Morocco ranked first with a 2,106 percent increase and a value of USD 15.3 million. This country was followed by the United States with an 842 percent increase and a value of USD 43.6 million, and France with an 824 percent increase and a value of USD 8.2 million."