Turkey’s steel exports fall below $1 billion after five months in August

Thursday, 02 September 2010 14:21:58 (GMT+3) |

According to the provisional foreign trade statistics compiled by the Turkish Exporters' Association (TIM), in August this year Turkey's steel exports totaled $953.29 million in value, increasing by 15.58 percent year on year and down 6.42 percent over the previous month. Thus, in August Turkey registered the third month-on-month decrease in its steel exports and its steel exports fell below $1 billion mark for the first time after five months.

Meanwhile, Turkey's steel exports in the first eight months of this year totaled $7.82 billion, rising by 6.25 percent as compared to the corresponding period of 2009.

Turkey's top ten steel export destinations in August 2010:

Country	Export value ($)	Month on month change (%)	Year on year change (%)
UAE	104,911,920	50.60	48.83
Saudi Arabia	83,698,098	35.96	186.41
Iraq	78,846,925	-4.65	329.11
Israel	37,865,268	42.07	148.61
Algeria	36,553,367	425.29	32.88
Thailand	34,742,593	37.77	-
Libya	30,775,037	-37.62	-44.80
USA	30,518,656	-24.96	49.62
Turkmenistan	28,036,536	47.34	87.98
Spain	24,936,704	113.22	173.52

Turkey’s steel exports fall below $1 billion after five months in August

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