In December last year, Turkey's iron ore imports totaled 746,602 mt, down 36.7 percent month on month and remaining stable 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 decreased by 33 percent to $57.5 million compared to the previous month and was up 13 percent year on year.
In 2016, Turkey's iron ore imports increased by four percent to 10.41 million mt, while revenues from these imports decreased by 12.8 percent to $697.7 million, both year on year.
Last year, Turkey's iron ore imports from Brazil stood at 4.17 million mt, up 6.82 percent year on year. Brazil was followed by Russia which supplied 1.83 million mt, while Turkey's iron ore imports from Sweden in the given period amounted to 1.49 million mt.
Turkey's iron ore import sources last year are as follows:
Country | Amount (mt) | |||||
Jan-Dec 2016 | Jan-Dec 2015 | Y-o-y change (%) | December 2016 | December 2015 | Y-o-y change (%) | |
Brazil | 5,172,075 | 4,841,928 | 6.82 | 378,735 | 314,367 | 20.48 |
Russia | 1,829,286 | 1,541,426 | 18.67 | 204,925 | 157,624 | 30.01 |
Sweden | 1,498,961 | 1,487,315 | 0.78 | - | 164,974 | - |
Ukraine | 987,311 | 1,393,887 | -29.17 | 188,874 | 109,716 | 72.15 |
Canada | 504,892 | 494,577 | 2.09 | - | - | - |
S. Africa | 277,728 | 175,234 | 58.49 | - | - | - |
Turkey's iron ore import sources in 2016 can be seen in the graph below:
