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Chemical Industry Exports Reached $2.5 Billion in November

Turkchem 04 Dec 2024 463 3 dk okuma
Chemical Industry Exports Reached $2.5 Billion in November

According to Turkish Exporters Assembly (TİM) data, Türkiye's exports stood at 22.3 billion dollars in November. The chemical sector, as the second-highest exporting sector in November, achieved 2.5 billion dollars in exports, taking a 13 percent share of the country's total exports. The sector's eleven-month exports exceeded 28 billion dollars.

 

Evaluating the chemical sector's November export figures, İstanbul Chemicals and Chemical Products Exporters' Association (İKMİB) Chairman of the Board Adil Pelister said, "In November, our chemical sector achieved 2.5 billion dollars in exports, maintaining its position as the 2nd highest exporting sector among all sectors. We took a 13 percent share of our country's total exports. Our exports for the January-November period this year exceeded 28 billion dollars. We are seeing the effects on our exports of the ongoing global demand slowdown, particularly in European Union countries, the fight against inflation, interest rate and exchange rate pressure, as well as a petrochemical facility that has been under maintenance for a long time and has just resumed production. Despite these challenging conditions, we are the second-highest contributing sector to the country's exports both on a monthly and annual basis. Our eleven-month exports, at 28 billion dollars, are running somewhat above last year's level. We continue to work with all our strength and to support our sector in order to close the year positively," he said.

"Plastics and articles thereof" was the most exported product group in November

Among chemicals and chemical products groups in November, plastics and articles thereof exports ranked first in chemical exports with 790 million 247 thousand dollars. Mineral fuels and products ranked second with 599 million 553 thousand dollars in exports, while inorganic chemicals exports ranked third with 222 million 753 thousand dollars. Following 'inorganic chemicals,' the other sectors in the top ten were: 'essential oils, cosmetics and soap,' 'pharmaceutical products,' 'rubber, rubber articles,' 'paints, varnishes, inks and preparations,' 'miscellaneous chemical products,' 'washing preparations,' and 'adhesives, glues, enzymes.'

The Netherlands was the top export destination in November

In November, the country with the highest exports was the Netherlands with 214 million dollars. The top ten countries for exports in November were the Netherlands, Italy, the USA, Russia, Romania, Germany, Iraq, Spain, the United Kingdom and Georgia. Among the top 20 countries in November, the highest increase was in the USA, at 76.56 percent.

2024 Chemical Exports Report

2024 Chemical Exports by Month

MONTH

2023 VALUE ($)

2024 VALUE ($)

CHANGE (%)

January

2.298.949.533,96

2.367.123.294,12

% 2,97

February

2.261.956.042,17

2.616.907.156,29

% 15,69

March

2.879.897.988,61

3.076.760.399,26

% 6,84

April

2.381.533.446,92

2.492.283.572,79

% 4,65

May

2.438.870.403,92

3.015.320.825,86

% 23,64

June

2.383.546.414,36

2.230.047.937,04

% -6,44

July

2.172.784.497,27

2.583.683.058,68

% 18,91

August

2.657.769.362,79

2.554.927.393,75

% -3,87

September

2.772.027.180,90

2.203.819.665,31

% -20,50

October

2.684.176.217,97

2.454.312.161,76

% -8,56

November

2.848.999.018,53

2.533.923.204,59

% -11,06

TOTAL

27.780.510.107

28.129.108.669

% 1,25

Countries with the Highest Chemical Exports in November 2024

NO.

Country

NOVEMBER 2023 VALUE ($)

NOVEMBER 2024 VALUE ($)

CHANGE IN VALUE (%)

1

NETHERLANDS

211.763.258,05

214.286.464,82

% 1,19

2

ITALY

197.766.723,70

151.107.656,37

% -23,59

3

USA

75.928.270,46

134.061.939,50

% 76,56

4

RUSSIA

148.946.547,91

124.745.992,51

% -16,25

5

ROMANIA

128.148.269,46

119.261.069,73

% -6,94

6

GERMANY

101.839.565,80

102.729.379,90

% 0,87

7

IRAQ

106.243.234,36

95.118.321,45

% -10,47

8

SPAIN

197.500.171,53

89.764.613,23

% -54,55

9

UNITED KINGDOM

73.305.401,67

74.594.172,09

% 1,76

10

GEORGIA

43.661.625,61

58.425.656,10

% 33,81

Sub-sectors in Chemical Sector Exports in November 2024

PRODUCT GROUP

NOVEMBER 2023 VALUE ($)

NOVEMBER 2024 VALUE ($)

% CHANGE

PLASTICS AND ARTICLES THEREOF

779.997.162

790.247.100

% 1,31

MINERAL FUELS, MINERAL OILS AND PRODUCTS

950.425.164

599.553.862

% -36,92

INORGANIC CHEMICALS

206.649.949

222.753.818

% 7,79

ESSENTIAL OILS, COSMETICS AND SOAP

172.830.783

187.917.369

% 8,73

PHARMACEUTICAL PRODUCTS

130.279.407

143.667.370

% 10,28

RUBBER, RUBBER ARTICLES

144.018.510

133.935.784

% -7,00

PAINTS, VARNISHES, INKS AND PREPARATIONS

124.041.076

129.126.580

% 4,10

MISCELLANEOUS CHEMICAL PRODUCTS

97.716.284

109.895.688

% 12,46

WASHING PREPARATIONS

78.958.750

78.802.202

% -0,20

ADHESIVES, GLUES, ENZYMES

44.643.765

46.774.994

% 4,77

ORGANIC CHEMICALS

94.461.706

45.111.359

% -52,24

FERTILIZERS

21.715.903

42.624.660

% 96,28

GUNPOWDER, EXPLOSIVES AND DERIVATIVES

1.383.757

1.683.824

% 21,68

PHOTOGRAPHIC AND CINEMATOGRAPHIC PRODUCTS

1.409.927

1.565.143

% 11,01

GLYCERIN, VEGETABLE PRODUCTS, DEGRAS, FATTY SUBSTANCES

461.802

231.455

% -49,88

PROCESSED ASBESTOS AND MIXTURES, ARTICLES THEREOF

5.073

31.997

% 530,71

TOTAL

2.848.999.019

2.533.923.205

% -11,06

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