In July this year, Turkey’s iron ore imports amounted to 1,263,006 metric tons, up by 34.5 percent compared to June and by 98.8 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $148.81 million, increasing by 27.2 percent compared to the previous month and by 101.5 percent year on year.
In the January-July period, Turkey's iron ore imports amounted to 6,682,646 mt, up 58.0 percent, while the value of these imports increased by 61.9 percent to $869.34 million, both year on year.
In the given period, Turkey’s largest iron ore import source was Brazil, with 3,366,767 mt. Brazil was followed by Ukraine with 929,676 mt and South Africa with 861,141 mt.
Turkey’s top 10 iron ore import sources in the January-July period this year:
Country |
Amount (mt) |
|
|
|
|
|
|
January-July 2023 |
January-July 2024 |
Y-o-y change (%) |
July 2023 |
July 2024 |
Y-o-y change (%) |
Brazil |
2,911,186 |
3,366,767 |
15.6 |
461,759 |
708,984 |
53.5 |
Ukraine |
333,438 |
929,676 |
178.8 |
3,199 |
77,027 |
>1000.0 |
South Africa |
60 |
861,141 |
>1000.0 |
- |
172,876 |
- |
Sweden |
654,782 |
659,930 |
0.8 |
- |
164,980 |
- |
Uzbekistan |
70,553 |
484,439 |
586.6 |
70,553 |
73,687 |
4.4 |
Russia |
187,501 |
300,628 |
60.3 |
26,556 |
63,999 |
141.0 |
Canada |
- |
77,769 |
- |
- |
50 |
- |
Macedonia |
- |
1,145 |
- |
- |
779 |
- |
Romania |
73,119 |
861 |
-98.8 |
- |
563 |
- |
Bulgaria |
- |
160 |
- |
- |
- |
- |
Turkey’s main iron ore import sources on country basis in the January-July period this year are presented below:
