Turkey's iron ore imports up 15.7 percent in Q1

Thursday, 25 May 2017 14:54:29 (GMT+3)   |   Istanbul
       

In March this year, Turkey's iron ore imports totaled 1.18 million mt, up 154.7 percent month on month and rising by 12.8 percent 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 increased by 37.3 percent to $118.5 million compared to the previous month and was up 81.9 percent year on year.


 
In the first quarter of the current year, Turkey's iron ore imports amounted to 3.18 million mt, up 15.7 percent, while the value of these imports increased by 72.3 percent to $291 million, both year on year.
 
In the given period, Turkey's iron ore imports from Brazil stood at 1,189,195 mt, down 19.57 percent year on year. Brazil was followed by Sweden which supplied 489,828 mt, while Turkey's iron ore imports from South Africa in the given period amounted to 402,062 mt.
 
Turkey's iron ore import sources in the January-March period of this year are as follows:

 

Country

Amount (mt)

     
 

January-March

2017

January-March

2016

Y-o-y change (%)

March 2017

March 2016

Y-o-y change (%)

Brazil

1,189,195

1,478,585

-19.57

341,894

515,899

-33.73

Sweden

489,828

336,908

45.39

162,964

164,618

-1.00

South Africa

402,062

165,248

143.31

237,125

-

-

Ukraine

364,547

178,475

104.26

76,178

101,095

-24.65

Canada

337,150

166,011

103.09

169,051

166,011

1.83

Russia

262,385

63,355

314.15

199,317

98,613

102.12

Turkey's iron ore import sources in the January-March period of this year can be seen in the graph below:


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