In February this year, Turkey’s iron ore imports amounted to 1,03 million tons, up by 58.3 percent compared to January and by 159.8 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $142.04 million, increasing by 61.0 percent compared to the previous month and by 208.1 percent year on year.
In the January-February period, Turkey's iron ore imports amounted to 1.68 million mt, up 40.4 percent, while the value of these imports increased by 68.4 percent to $230.24 million, both year on year.
In the given period, Turkey’s largest iron ore import source was Brazil which sold 343,207 mt. Brazil was followed by South Africa with 273,828 mt and Ukraine with 156,627 mt.
Turkey’s top 10 iron ore import sources in January-February period this year:
Country |
Amount (mt) |
|
|
|
|
|
|
January- February 2023 |
January-February 2024 |
Y-o-y change (%) |
February 2023 |
February 2024 |
Y-o-y change (%) |
Brazil |
778,164 |
928,046 |
19.3 |
211,849 |
343,207 |
62.0 |
South Africa |
40 |
343,867 |
>1000.0 |
20 |
273,828 |
>1000.0 |
Ukraine |
30,008 |
231,813 |
672.5 |
- |
156,627 |
- |
Canada |
- |
77,719 |
- |
- |
- |
- |
Russia |
56,217 |
66,076 |
17.5 |
18,608 |
56,508 |
203.7 |
Uzbekistan |
- |
29,750 |
- |
- |
29,750 |
- |
Germany |
20 |
10 |
-50.0 |
- |
- |
- |
Sweden |
330,057 |
3 |
-99.9 |
165,098 |
- |
- |
Congo |
- |
2 |
- |
- |
2 |
- |
Turkey’s main iron ore import sources on country basis in January-February period this year are presented below:
