Turkey's exports in October reached 23.6 billion dollars with a 3.6% increase. Among the highest exporting sectors, the automotive sector ranked first with 3.5 billion dollars, while the chemical sector recorded an export of 2.47 billion dollars, making it the second highest exporting sector in Turkey. According to the President of the Plastic Industry Manufacturers Federation, Ömer Karadeniz, the export of plastics and plastic products was the highest in the product group of chemical substances and products, amounting to 819 million dollars.
According to the data from the Turkish Exporters Assembly (TIM), Turkey's exports in October amounted to 23.6 billion dollars, showing a 3.6% increase compared to the same month last year. The automotive sector was the highest exporting sector with 3.5 billion dollars, followed by the chemical sector with 2.47 billion dollars. In the first ten months of the year, our exports reached 26 billion dollars, reflecting a 2.7% increase.
In the product groups of chemical substances and products, exports of plastics and plastic products topped the list with 819 million dollars. Mineral fuels and products followed in second place with 442 million dollars in exports, and inorganic chemicals were in third place with 240 million dollars. Other sectors within the top 10 included: 153 million dollars for 'essential oils, cosmetics and soaps', 138 million dollars for 'rubber and rubber products', 134 million dollars for 'paints, varnishes, inks and intermediates', 114 million dollars for 'pharmaceutical products', 108 million dollars for 'various chemical substances', 66 million dollars for 'organic chemicals', and 45 million dollars for 'adhesives and glues.'
“A Record was Broken in Turkey’s Exports in October”
Plastics Industry Manufacturers Federation Chairman Ömer Karadeniz stated that October's exports reached 23.6 billion dollars with a 3.6% increase compared to the same month last year, marking the highest October exports to date.
Karadeniz noted that exports play a significant role in enhancing a country's economic growth, international relations, and the competitiveness of businesses, stating, “The importance of exports is increasingly recognized for businesses to compete in the global market and enhance the economic welfare of countries. Therefore, understanding the operations of exports and taking correct steps in this area is crucial for businesses and countries.”
Karadeniz pointed out that according to TIM's data, an increase of over approximately 800 million dollars was observed compared to the previous year, emphasizing that our merchandise exports rose from 209.7 billion dollars to 216.4 billion dollars in the first ten months of 2024.
Highlighting the need for support for the businesses operating in the sector as a ceiling organization PLASFED, Ömer Karadeniz recalled the developments in the world economy, stating that despite all the adversities, the Turkish economy continues to strengthen through policies focused on innovation, production, investment, employment, and exports.
Karadeniz expressed the desire for continuous support for Turkey's exports, stating, “Our sector primarily needs government support and ease of access to financing during this economic recovery process. We will continue to work hard as plastic manufacturers to achieve our goals.”
Translated by Artificial Intelligence
