Turkey's steel export value down 21 percent in Sept

Friday, 01 November 2013 12:02:13 (GMT+3)   |   Istanbul
       

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in September this year Turkey's foreign trade deficit increased by 7.6 percent to $7.5 billion compared to $6.9 billion in September last year. In the iron and steel sector, Turkey's foreign trade deficit was $1.1 billion in September, increasing by 54.3 percent from $724 million recorded in September 2012.

In September this year, Turkey's iron and steel exports ranked fifth among the products with the highest export value, totaling $688.5 million, up by 5.6 percent from August and down by 21 percent year on year.

Meanwhile, in September exports of articles of iron or steel, which ranked seventh among the products with the highest export value, increased by 12 percent month on month and rose by 5.7 percent compared to September 2012, amounting to $540.3 million.
 
In the first nine months of the current year, the value of the country's iron and steel exports stood at $7.5 billion, while its exports of articles of iron or steel amounted to $4.56 billion, decreasing by 12.8 percent and up 3.6 percent respectively, both compared to the corresponding period of 2012.

Motor vehicles and parts was the domestic sector with the highest export value in September with $1.5 billion, up 38.1 percent year on year.


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