In May this year, Turkey's iron ore imports totaled 407,827 metric tons, falling 35.7 percent year on year, according to the statistics provided by the Turkish Statistical Institute (TUIK). The value of these imports amounted to $34.43 million, down 55.8 percent year on year.
In the January-May period, Turkey imported 3.95 million mt of iron ore, up 17.8 percent compared to the same period of the previous year, while the value of these imports decreased by 22.5 percent year on year to $368.4 million.
In the January-May period, Turkey's iron ore imports from Brazil stood at 1.75 million mt, up 47.38 percent year on year. Brazil was followed by Sweden which supplied 824,561 metric tons, up 0.1 percent, while Turkey's iron ore imports from Russia in the given period amounted to 489,955 metric tons, up 12.03 percent, both on year-on-year basis.
Turkey's iron ore import sources in the January-May period are as follows:
Country | Amount (mt) | |||||
January- May 2015 | January- May 2014 | Y-o-y change (%) | May 2015 | May 2014 | Y-o-y change (%) | |
Brazil | 1,750,608 | 1,187,816 | 47.38 | - | 341,451 | - |
Sweden | 824,561 | 823,718 | 0.10 | 165,621 | 78,532 | 110.90 |
Russia | 489,955 | 437,349 | 12.03 | 154,216 | 155,952 | -1.11 |
Ukraine | 472,005 | 401,132 | 17.67 | 87,985 | 58,233 | 51.09 |
South Africa | 175,234 | - | - | - | - | - |
Canada | 166,465 | 162,004 | 2.75 | - | - | - |
Finland | 77,020 | 344,664 | -77.65 | - | - | - |
Turkey's iron ore import sources in the January-May period can be seen in the graph below:
