According to the provisional foreign trade statistics compiled by the Turkish Exporters' Association (TIM), in May this year Turkey's steel exports totaled $1.33 billion in value, increasing by 13.63 percent year on year but down 8.89 percent from the previous month.
On the other hand, in the first five months of this year, Turkey's steel export value came to $6.47 billion, rising by 34.86 percent as compared to the corresponding period of the previous year.
Turkey's top ten steel export destinations in May 2011:
Country | Export value (x $1,000) | Month-on-month change (%) | Year-on-year change (%) |
Italy | 144,049 | -15.14 | 265.13 |
Iraq | 92,772 | -14.39 | 37.16 |
USA | 63,156 | 5.37 | 41.21 |
Saudi Arabia | 55,585 | 7.16 | -66.69 |
UAE | 50,772 | -44.83 | -70.42 |
Israel | 47,133 | 58.93 | 80.86 |
Egypt | 44,849 | 107.28 | 33.63 |
Brazil | 44,326 | 165.55 | 392.68 |
Morocco | 43,873 | 110.14 | 22.01 |
Germany | 42,989 | -6.53 | 79.49 |