Turkey’s billet imports up 97.4 percent in January-May

Thursday, 13 July 2023 10:56:24 (GMT+3)   |   Istanbul
       

In May this year, Turkey’s billet and bloom import volume declined by 27.3 percent month on month and rose by 22.4 percent year on year to 310,060 mt, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $198.57 million, down by 24.9 percent month on month and by 1.5 percent year on year.

In the first five months of this year, Turkey’s billet import volume amounted to 1.69 million mt, growing by 97.4 percent, while the value of these imports moved up by 56.7 percent to $1.01 billion, both year on year.

In the given period, Turkey imported 749,598 mt of billet and bloom from Russia, up 51.8 percent year on year, while Algeria supplied 347,214 mt in the given period.

Turkey’s top billet and bloom import sources in the January-May period are as follows:

Country 

Amount (mt) 

  

  

  

  

  

  

January-May 2023 

January-May 2022 

Y-o-y change (%) 

May 2023 

May 2022 

Y-o-y change (%) 

Russia 

749,598

494,544

+51.8

161,971

209,144

-22.6

Algeria 

347,214

41,558

+735.5

54,657

9,998

+446.7

Oman 

170,363

45,726

+272.6

-

-

-

Iran

67,788

27,612

+145.5

11,106

7,022

+58.2

Kuwait

61,698

-

-

30,466

-

-

India 

57,643

49,442

+16.6

-

-

-

Malaysia

56,957

-

-

-

-

-

Azerbaijan

56,077

47,959

+16.9

16,850

12,219

+37.9

Belarus

38,123

-

-

5,993

-

-

Pakistan 

25,444

5,717

+345.1

4,307

401

+974.1

Turkey’s main billet and bloom sources on country basis in the January-May period of this year are presented below:


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