Turkey's iron ore imports decline in 2019

Friday, 14 February 2020 17:48:02 (GMT+3)   |   Istanbul
       

In December last year, Turkey's iron ore imports totaled 983,299 mt, rising by 107.5 percent compared to November and down 3.86 percent as compared to the same month of 2018, according to the statistics provided by the Turkish Statistical Institute (TUIK). The value of these imports decreased by 2.8 percent year on year to $100.15 million, up 145 percent as compared to November.

Meanwhile, in 2019, Turkey's iron ore imports amounted to 10.12 million metric tons, down 5.7 percent year on year, while the revenue generated by these imports totaled $1 billion, increasing by 0.5 percent compared to 2018.

In the given period, Turkey's iron ore imports from Brazil stood at 5.6 million mt, up 20.78 percent year on year. Brazil was followed by Sweden which supplied 1.35 million mt, while Turkey's iron ore imports from Canada in the given period amounted to 999,846 mt.

Turkey's iron ore import sources in 2019 are as follows:

Country

Amount (mt)

 

 

 

 

 

 

2019

2018

Change (%)

December 2019

December 2018

Change (%)

Brazil

5,596,052

4,633,343

20.78

576,821

338,909

70.20

Sweden

1,346,453

1,899,987

-29.13

-

185,054

-

Canada

999,846

843,290

18.56

330,376

171,614

92.51

Russia

573,652

1,219,183

-52.95

30,199

116,169

-74.00

Ukraine

512,914

742,141

-30.89

45,899

45,002

1.99

S. Africa

505,056

839,149

-39.81

-

166,035

-

India

426,011

-

-

-

-

-

Australia

164,140

277,389

-40.83

-

-

-


Turkey's iron ore import sources in 2019 can be seen in the graph below:


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