TUIK: Turkey's steel import value down 33.2 percent in Q1

Thursday, 02 May 2019 14:42:27 (GMT+3)   |   Istanbul
       

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in March this year the value of Turkey's iron and steel imports decreased by 33.4 percent year on year, totaling $1.2 billion. In the given month, iron and steel ranked in fifth place among the most imported products of the country in terms of value. In the first quarter, the value of Turkey's iron and steel imports totaled $3.3 billion, decreasing by 33.2 percent compared to the same period of the previous year.

In March, the country's imports of articles of iron or steel, which ranked 18th among the products with the highest import value, amounted to $203.3 million in value, falling by 18.6 percent year on year. In the first three months of the current year, the value of Turkey's imports of articles of iron or steel was down 22.4 percent year on year to $578.9 million.


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