According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in December last year the value of Turkey’s iron and steel imports decreased by 5.0 percent year on year, totaling $1.6 million. In the given month, iron and steel ranked in sixth place among the most imported products of the country in terms of value. In 2023, the value of Turkey’s iron and steel imports totaled $24.2 billion, falling by 14.8 percent year on year.
Meanwhile, in the given month the value of imports of articles of iron or steel, which ranked 13th among the products with the highest export value, went down by 7.7 percent, amounting to $337,549, while the value of its imports of articles of iron or steel in 2023 rose by 8.3 percent to $3.9 billion, both year on year.
