Turkey’s rebar exports increase in May

Thursday, 05 July 2012 16:49:01 (GMT+3)   |  
       

According to the data provided by the Turkish Statistical Institute (TUIK), in May this year Turkey's rebar (including round bar) exports amounted to 742,596 metric tons, increasing by 33.4 percent year on year and up 22.8 percent from the previous month. Meanwhile, the revenue generated by these exports totaled $483.6 million, rising by 34.4 percent compared to May 2011 and up 22.8 percent from the previous month.

On the other hand, in the first five months of the current year Turkey's rebar exports stood at 3.61 million metric tons, up 21.3 percent year on year, while the total revenue of these exports amounted to $2.3 billion, increasing by 22.5 percent as compared to January-May 2011.

In the January-May period this year, Turkey's rebar exports to the US, one of the largest rebar export destinations of Turkey, increased 57.6 percent, while rebar exports to the UAE decreased by 40 percent, both compared to the same period last year.

Turkey's top 10 rebar export destinations in May 2012:

Country

Volume (mt)

May 2012

May 2011

 Jan-May 2012

Jan-May 2011

Iraq

 106,953

59,407

 475,336

 313,217

Saudi Arabia

 105,527

27,835

 255,747

 109,114

Egypt

 75,827

9,002

 224,521

 78,711

UAE

 75,441

93,052

 412,296

 687,685

Israel

 54,696

44,607

 204,785

 130,500

Canada

 51,516

30,028

 104,449

 94,647

Yemen

 45,923

-

 213,223

 107,302

US

 29,398

36,840

 269,694

 171,128

Ethiopia

 24,559

12,585

 154,685

 56,640

Turkmenistan

 24,187

9,760

 60,429

 39,513


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