Turkey’s wire rod exports up 2.5 percent in Q1

Tuesday, 17 May 2016 17:23:23 (GMT+3)   |   Istanbul
       

According to the data provided by the Turkish Statistical Institute (TUIK), in March this year Turkey's wire rod exports decreased by one percent year on year to 74,123 metric tons, down five percent compared to the previous month. The revenue from these exports amounted to $24.83 million, down 5.1 percent month on month and falling 29 percent compared to the same month of the previous year.

In the January-March period of this year, Turkey's wire rod exports amounted to 222,759 mt, rising by 2.5 percent, while the value of these exports decreased by 30.4 percent to $75.2 million, both year on year.

In the given period, Turkey's largest wire rod export destination was Egypt which received 59,640 metric tons. Egypt was followed by Israel with 45,439 metric tons and the US with 24,566 metric tons.

Turkey's main wire rod export destinations in January-March:

 

Country

Amount (mt)

     
 

January- March 2016

January- March 2015

Y-o-y change (%)

March 2016

March 2015

Y-o-y change (%)

Egypt

59,640

2,751

-

10,547

-

-

Israel

45,439

65,017

-30.11

15,938

19,357

-17.66

USA

24,566

60,455

-59.36

2,183

18,237

-88.03

Libya

14,525

11,860

22.47

2,733

7,706

-64.53

Chile

14,240

-

-

6,750

-

-

Morocco

11,712

198

-

-

-

-

Iraq

8,978

8,610

4.27

3,747

4,482

-16.40

Turkey's main wire rod export destinations on country basis in the first three months of the current year are presented in the chart below:


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