Turkey’s rebar exports up 1.4 percent in January-February

Friday, 10 April 2015 14:02:23 (GMT+3)   |   Istanbul
       

In February this year, Turkey's rebar exports amounted to 806,836 metric tons, increasing by 14.6 percent year on year and up 48.8 percent from the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $385.5 million, decreasing by 5.45 percent compared to February 2014 and up 45.5 percent from the previous month.


 
In the January-February period, Turkey's rebar exports increased by 1.4 percent year on year to 1.34 million mt, while the value of these exports stood at $647.5 million, down 15 percent compared to the corresponding quarter of 2014.
 
In the January-February period of the current year, Turkey's largest rebar export destination was the US which received 278,006 metric tons, up 83.47 percent year on year. The US was followed by the UAE with 243,189 metric tons, up 102.7 percent, and Yemen with 159,359 metric tons, up 40.7 percent, both on year-on-year basis.

Turkey's top 10 rebar export destinations in January-February 2015:

 

Country

Amount (mt)

     
 

January-February 2015

January-February 2014

Y-o-y change (%)

February 2015

February 2014

Y-o-y change (%)

USA

278,006

151,524

83.47

190,921

105,137

81.59

UAE

243,189

119,965

102.72

142,361

65,615

116.96

Yemen

159,359

113,208

40.77

103,520

22,911

351.84

Iraq

112,390

195,780

-42.59

66,158

94,476

-29.97

Israel

75,968

10,430

-

53,123

39,396

34.84

Kuwait

67,885

3,530

-

43,575

1,291

-

Peru

44,946

22,695

98.04

23,600

56

-

Saudi Arabia

38,079

43,485

-12.43

28,063

43,485

-35.47

Brazil

37,664

8,196

-

11,736

8,196

43.19

Oman

32,276

18,006

79.25

17,993

18,006

-0.07

Turkey's main rebar export destinations on country basis in the January-February period this year are presented in the chart below:


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