Turkey's exports start the year with decline

Thursday, 02 February 2006 14:09:32 (GMT+3)   |  
       

Turkey’s exports start the year with decline

Turkey's exports fell 1 percent year on year in January 2006 due to the religious holiday. Data released by the Turkish Exporters Assembly (TIM) show that Turkey's exports amounted $4.9 billion in January. TIM president Oguz Satici indicated that the figures confirm exports are gradually slowing. He also added that “There is no price stability in Turkey. Relative price balance deformed. Energy prices, raw material prices, production inputs and the taxes on vital requirements of people showed an upward trend; therefore the cost of living indicated a serious increase.” In a period where there are difficulties in employment and complaints about trade deficit and current about deficit, it is not a good development that some sectors quit from production and bear to imports due to the costs and exchange rate levels, said Satici. Industrial sector exports, which accounts for 85.42 percent of total exports, fell 1.19 percent year on year to 4.22 billion in January.

Similar articles

US mills bullish on scrap, aim for moderate rebar decrease

11 Oct | Longs and Billet

US domestic and import plate prices plummet

05 Oct | Flats and Slab

US domestic tubing prices tumble as activity wanes

28 Sep | Tube and Pipe

US tubing market awaits flat rolled market’s next move

31 Aug | Tube and Pipe

Will US HSS mills follow in the flat rolled market’s footsteps?

30 Mar | Tube and Pipe

High customer inventories keep US import OCTG activity quiet

07 Mar | Tube and Pipe

US domestic tubing prices contract under pressure

02 Mar | Tube and Pipe

US domestic plate mills aim to keep spot prices steady

10 Feb | Flats and Slab

Cracks emerge in US domestic flats market

06 Feb | Flats and Slab

US domestic OCTG prices on perpetual neutral trend

01 Feb | Tube and Pipe