Turkiye’s Chemical Exports Increase by 24.3% in May
The Turkish chemical industry has reported a significant boost in exports, reaching $3 billion in May, marking a 24.3% increase compared to the same period last year. This growth has propelled the sector to become the second-largest exporter in the country for the month.
According to a statement from the Istanbul Chemicals and Chemical Products Exporters’ Association (İKMİB), Turkiye’s overall exports in May grew by 11.4% year-on-year, totaling $24.1 billion.
Adil Pelister, Chairman of İKMİB, highlighted the remarkable performance of the chemical sector, which captured a 12.6% share of the nation’s total exports. “The chemical industry has successfully achieved $3 billion in exports for May, reflecting a substantial annual growth of 24.3%,” Pelister noted.
From January to May, the sector’s exports increased by 10.7% year-on-year, reaching $13.5 billion. Pelister expressed pride in the sector’s contributions to the national economy and commended all exporters for their efforts. “We are proud to see our country’s exports rise, with the chemical sector playing a pivotal role. We wholeheartedly congratulate all our exporters who have made this achievement possible. As İKMİB, we will continue to support our industry and exporters without interruption,” he stated.
Source: Trthaber / Prepared by Irem Yildiz