In October this year, Turkey's iron ore imports totaled 735,626 mt, decreasing by 5.1 percent compared to September and down 40 percent as compared to the same month of the previous year, according to the statistics provided by the Turkish Statistical Institute (TUIK). The value of these imports decreased by 23.5 percent to $88.62 million year on year, down 13.2 percent as compared to September. In September this year, Turkey’s iron ore imports was at 775,065 mt, while the value of these imports was $102.1 million.
Meanwhile, in the January- October period of this year, Turkey's iron ore imports amounted to 8.67 million metric tons, down 3.4 percent year on year, while the revenue generated by these imports totaled $945 million, increasing by 14.8 percent compared to same period of 2018.
In the given period, Turkey's iron ore imports from Brazil stood at 4.68 million mt, up 21.03 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 669,473 mt.
Turkey's iron ore import sources in the January-October period are as follows:
Country |
Amount (mt) |
|
|
|
||
|
January-October 2019 |
January- October 2018 |
Change (%) |
October 2019 |
October 2018 |
Change (%) |
Brazil |
4,681,108 |
3,867,806 |
21.03 |
438,509 |
508,125 |
-13.70 |
Sweden |
1,346,451 |
1,564,896 |
-13.96 |
150,004 |
224,995 |
-33.33 |
Canada |
669,473 |
671,653 |
-0.32 |
- |
165,011 |
- |
Russia |
514,151 |
993,555 |
-48.25 |
103,005 |
112,991 |
-8.84 |
S. Africa |
505,056 |
673,093 |
-24.96 |
- |
172,798 |
- |
Ukraine |
422,012 |
639,035 |
-33.96 |
44,104 |
42,598 |
3.54 |
India |
364,566 |
- |
- |
- |
- |
- |
Australia |
164,140 |
277,389 |
-40.83 |
- |
- |
- |
Turkey's iron ore import sources in the first 10 months of the current year can be seen in the graph below:
