In March this year, Turkey’s iron ore imports amounted to 856,230 metric tons, down by 16.7 percent compared to February and by 33.1 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $123.34 million, decreasing by 13.2 percent compared to the previous month and rising by 56.9 percent year on year.
In the January-March period, Turkey's iron ore imports amounted to 2,533,518 mt, up 37.9 percent, while the value of these imports increased by 64.2 percent to $353.58 million, both year on year.
In the given period, Turkey’s largest iron ore import source was Brazil, with 1,459,171 mt. Brazil was followed by Ukraine with 461,238 mt and South Africa with 343,867 mt.
Turkey’s top 10 iron ore import sources in the January-March period this year:
Country |
Amount (mt) |
|
|
|
|
|
|
January-March 2023 |
January-March 2024 |
Y-o-y change (%) |
March 2023 |
March 2024 |
Y-o-y change (%) |
Brazil |
1,408,166 |
1,459,171 |
3.6 |
630,002 |
531,125 |
-15.7 |
Ukraine |
30,008 |
461,238 |
>1000.0 |
- |
229,425 |
- |
South Africa |
60 |
343,867 |
>1000.0 |
20 |
- |
- |
Uzbekistan |
- |
100,527 |
- |
- |
70,776 |
- |
Russia |
69,226 |
90,818 |
31.2 |
13,008 |
24,742 |
90.2 |
Canada |
- |
77,719 |
- |
- |
9,816 |
- |
Bulgaria |
- |
160 |
- |
- |
- |
- |
Germany |
20 |
10 |
-50.0 |
- |
- |
- |
Congo |
- |
3 |
- |
- |
2 |
- |
Sweden |
330,057 |
3 |
-99.9 |
- |
- |
- |
Turkey’s main iron ore import sources on country basis in the January-March period this year are presented below:
