In June this year, Turkey's iron ore imports totaled 832,425 mt, down 14 percent month on month and decreasing by 14.6 percent compared to the same month of the previous year, according to the statistics provided by the Turkish Statistical Institute (TUIK). The value of these imports decreased by 4.42 percent to $61.1 million compared to the previous month and was down 16.5 percent year on year.
In the first half of this year, Turkey's iron ore imports increased by 8.1 percent to 5.33 million mt, while revenues from these imports decreased by 22.6 percent to $341.9 million, both year on year.
In the January-June period, Turkey's iron ore imports from Brazil stood at 2.63 million mt, up 16.9 percent year on year. Brazil was followed by Russia which supplied 1.03 million mt, while Turkey's iron ore imports from Sweden in the given period amounted to 831,655 mt.
Turkey's iron ore import sources in the January-June period this year are as follows:
Country | Amount (mt) | |||||
January-June 2016 | January-June 2015 | Y-o-y change (%) | June 2016 | June 2015 | Y-o-y change (%) | |
Brazil | 2,631,411 | 2,200,803 | 19.6 | 288,568 | 450,194 | -35.9 |
Russia | 1,027,980 | 664,487 | 54.7 | 201,757 | 174,532 | 15.6 |
Sweden | 831,655 | 989,563 | -16 | 164,968 | 165,002 | - |
Ukraine | 422,670 | 656,967 | -35.7 | 92,220 | 184,963 | -50.1 |
S. Africa | 206,152 | 175,234 | - | 40,899 | - | - |
Canada | 166,011 | 166,465 | - | - | - | - |
Argentina | 44,013 | - | - | 44,013 | - | - |
Turkey's iron ore import sources in the January-June period this year can be seen in the graph below:
