According to the data provided by the Turkish Statistical Institute (TUIK), in July this year Turkey's wire rod exports increased by 49 percent year on year to 65,714 metric tons, down 40.6 percent compared to the previous month. The revenue from these exports amounted to $27.6 million, down 46.4 percent month on month and rising by 40 percent compared to the same month of the previous year.
In the January-July period of this year, Turkey's wire rod exports amounted to 551,378 mt, rising by 18 percent, while the value of these exports decreased by 1.21 percent to $217.6 million, both year on year.
In the given period, Turkey's largest wire rod export destination was Israel which received 127,208 metric tons. Israel was followed by Egypt with 86,016 metric tons and the US with 61,213 metric tons.
Turkey's main wire rod export destinations in January-July:
Country | Amount (mt) | |||||
Jan-Jul 2016 | Jan-Jul 2015 | Y-o-y change (%) | July 2016 | July 2015 | Y-o-y change (%) | |
Israel | 127,208 | 126,856 | 0.28 | 8,642 | 4,090 | 111.30 |
Egypt | 86,016 | 22,443 | 283.26 | 3,687 | 3,490 | 5.64 |
USA | 61,213 | 119,948 | -48.97 | 5,557 | 13,253 | -58.07 |
Netherlands | 24,856 | - | - | 7,050 | - | - |
Morocco | 22,566 | 17,117 | 31.83 | - | 49 | - |
Libya | 21,518 | 23,706 | -9.23 | - | 1,426 | - |
Chile | 20,966 | 317 | - | 5,500 | - | - |
Spain | 19,776 | 11,064 | 78.74 | 7,173 | 6,564 | 9.28 |
Jordan | 18,600 | 1,168 | - | - | - | - |
Turkey's main wire rod export destinations on country basis in the first seven months of the current year are presented in the chart below:
