In May this year, Turkey’s iron ore imports amounted to 878,943 metric tons, down by 17.7 percent compared to April and up by 42.6 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $109.59 million, decreasing by 21.9 percent compared to the previous month and rising by 29.9 percent year on year.
In the January-May period, Turkey's iron ore imports amounted to 4,480,751 mt, up 56.0 percent, while the value of these imports increased by 66.9 percent to $603.52 million, both year on year.
In the given period, Turkey’s largest iron ore import source was Brazil, with 2,244,386 mt. Brazil was followed by Ukraine with 694,144 mt and South Africa with 688,265 mt.
Turkey’s top 10 iron ore import sources in the January-May period this year:
Country |
Amount (mt) |
|
|
|
|
|
|
January-May 2023 |
January-May 2024 |
Y-o-y change (%) |
May 2023 |
May 2024 |
Y-o-y change (%) |
Brazil |
1,986,681 |
2,244,386 |
13.0 |
327,442 |
334,525 |
2.2 |
Ukraine |
257,475 |
694,144 |
169.6 |
227,467 |
75,900 |
-66.6 |
South Africa |
60 |
688,265 |
>1000.0 |
- |
176,066 |
- |
Sweden |
489,776 |
329,973 |
-32.6 |
- |
164,994 |
- |
Uzbekistan |
- |
236,196 |
- |
- |
74,352 |
- |
Russia |
138,339 |
209,877 |
51.7 |
61,565 |
53,095 |
-13.8 |
Canada |
- |
77,719 |
- |
- |
- |
- |
Bulgaria |
- |
160 |
- |
- |
- |
- |
Netherlands |
69 |
12 |
-82.6 |
24 |
2 |
-91.7 |
Germany |
20 |
10 |
-50.0 |
- |
- |
- |
Turkey’s main iron ore import sources on country basis in the January-May period this year are presented below:
