Turkey’s wire rod exports down 31.6 percent in Q1

Monday, 11 May 2020 17:12:35 (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 44.1 percent year on year to 91,054 metric tons, down 24.9 percent compared to the previous month. The revenue from these exports amounted to $41.55 million, down 25.8 percent month on month and decreasing by 48.7 percent compared to the same month of 2019.


Meanwhile, in the January-March period of this year, Turkey's wire rod exports amounted to 324,000 metric tons, down 31.6 percent year on year, while the revenue generated by these exports totaled $149.35 million, decreasing by 37.5 percent compared to same period of 2019.

In the given period, Turkey's largest wire rod export destination was Israel which received 75,840 metric tons. Israel was followed by Singapore with 31,802 metric tons and Haiti with 28,694 metric tons.

Turkey's main wire rod export destinations in January-March 2020:

Country

Amount (mt)

 

 

 

 

 

 

January-March 2020

January- March 2019

Y-o-y change (%)

March 2020

March 2019

Y-o-y change (%)

Israel

75,840

118,709

-36.11

10,336

42,417

-75.63

Singapore

31,802

4,247

-

-

2,219

-

Haiti

28,694

44,398

-35.37

24,000

18,026

33.14

Morocco

22,183

22,824

-2.81

-

14,829

-

Egypt

21,661

8,093

167.65

3,954

163

-

Romania

14,349

35,308

-59.36

10,499

13,608

-22.85

Dominic Republic

12,228

9,373

30.46

-

78

-

Libya

12,152

-

-

4,999

-

-

Senegal

12,133

9,293

30.56

-

7,075

-

Ivory Coast

8,531

-

-

-

-

-

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

 


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