TUIK: Turkey's steel export value up 6.8 percent in January-May

Friday, 28 June 2019 15:43:52 (GMT+3)   |   Istanbul
       

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in May this year Turkey's foreign trade deficit decreased by 76.5 percent to $1.84 billion compared to May 2018. In the first five months of the current year, Turkey's foreign trade deficit fell by 67 percent year on year to $11.64 billion.

In May, Turkey's iron and steel exports ranked third among the country's products with the highest export value, totaling $1 billion, increasing by 11.6 percent year on year. Meanwhile, in the given month the value of exports of articles of iron or steel, which ranked eighth among the products with the highest export value, increased by 11.2 percent year on year, amounting to $601.45 million.

In the first five months of the year, Turkey's iron and steel export value increased by 6.8 percent to $4.7 billion, while the value of its exports of articles of iron or steel rose by 3.9 percent to $2.71 billion, both year on year.


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