Turkey's iron ore imports up eight percent in January-August

Monday, 16 October 2017 16:21:31 (GMT+3)   |   Istanbul

In August this year, Turkey's iron ore imports totaled 860,974 mt, down 7.4 percent month on month and rising by 47.6 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 5.3 percent to $80.7 million compared to the previous month and was up 98.9 percent year on year.

In the first eight months of the current year, Turkey's iron ore imports amounted to 7.41 million mt, up eight percent, while the value of these imports increased by 57 percent to $697.77 million, both year on year.
 
In the given period, Turkey's iron ore imports from Brazil stood at 3,090,507, down 10.93 percent year on year. Brazil was followed by Sweden which supplied 1,323,261 mt, while Turkey's iron ore imports from Ukraine in the given period amounted to 958,575.
 
Turkey's iron ore import sources in the January-August period of this year are as follows:

 

Country

Amount (mt)

 

 

 

 

 

 

January-August

2017

January-August

2016

Y-o-y change (%)

August 2017

August 2016

Y-o-y change (%)

Brazil

3,090,507

3,469,721

-10.93

343,476

257,249

33.52

Sweden

1,323,261

996,623

32.77

165,146

164,968

0.11

Ukraine

958,575

482,323

98.74

158,086

59,653

165.01

Russia

892,260

334,926

166.41

194,258

101,212

91.93

Canada

508,619

165,253

207.78

-

-

-

South Africa

493,622

277,728

77.74

-

-

-

Finland

143,129

-

-

-

-

-

 

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

DemetKazdal
Demet Kazdal
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After graduating from Boğaziçi University with a degree in English Language and Literature, I have spent the past 15 years developing deep expertise in the steel industry. At SteelOrbis, I serve as Head of Content Department. I write and edit comprehensive news and reports on steel markets, with a primary focus on the Turkish market as well as global market dynamics.

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