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Turkey’s February steel exports hit highest value since October 2008

Thursday, 03 March 2011 16:30:15 (GMT+2)   -  

Tags: Turkey , USA , Germany , UAE , Iraq , UK , Iran , Israel , Italy , Singapore , S. Arabia , Europe , Middle East , North America , Southeast Asia , imp/exp statistics , steelmaking , East Asia and Pacific , European Union , Non-EU Countries , Mediterranean | similar articles » SteelOrbis News

According to the provisional foreign trade statistics compiled by the Turkish Exporters' Association (TIM), in February this year Turkey's steel exports totaled $1.31 billion in value, increasing by 62.87 percent year on year and up 33.83 percent over the previous month. This is the highest steel export value achieved since the start of the economic crisis in October 2008.

On the other hand, in the first two months of this year, Turkey's steel export value came to $2.28 billion, rising by 53.73 percent as compared to the corresponding period of the previous year.

Turkey's top ten steel export destinations in February 2011:

Country

Export value   ($)

Month on month change (%)

Year on year change (%)

UAE

179,749,251

66.49

175.80

Saudi Arabia

115,126,398

246.88

312.31

USA

91,595,251

141.59

282.01

Italy

76,949,679

54.81

581.54

Iran

72,849,354

172.82

242.07

Iraq

66,442,370

-35.01

23.12

Israel

39,108,364

4.68

-13.05

Germany

34,376,707

5.66

91.07

Singapore

33,181,299

1913.71

-14.20

UK

30,150,916

21.12

101.89

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