Turkey's rebar exports down 1.9% in Q1

Wednesday, 07 May 2014 12:09:48 (GMT+3)   |   Istanbul

In March this year, Turkey's rebar exports amounted to 665,928 metric tons, decreasing by 18.62 percent year on year and down 5.39 percent from the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $374.20 million, decreasing by 23.31 percent compared to March 2013 and down 8.22 percent from the previous month.

On the other hand, in the first quarter this year Turkey's rebar exports stood at 1.98 million metric tons, down 1.92 percent year on year, while the total revenue of these exports amounted to $1.13 billion, decreasing by 5.68 percent year on year.

In March this year, Turkey's largest rebar export destination was Iraq with exports amounting to 93,375 metric tons, down 27.25 percent year on year. Iraq was followed by the UAE with 92,521 metric tons and Yemen with 82,096 metric tons. Meanwhile, in the first quarter of the current year Iraq ranked first among Turkey's rebar export destinations, receiving 289,154 metric tons, down 18.28 percent year on year. Iraq was followed by the UAE which received 211,558 metric tons of rebar from Turkey, down 5.68 percent year on year. 
 
Turkey's top 10 rebar export destinations in the first quarter this year:

Country Volume (mt)
Jan-Mar. 14 Jan-Mar. 13 Mar.14 Mar.13
Iraq 289,154 353,851 93,375 128,354
UAE 211,558 224,295 92,521 176,786
Yemen 194,669 190,273 82,096 52,526
Israel 172,781 111,655 68,465 23,638
USA 162,128 106,716 12,587 36,354
Ethiopia 112,553 37,054 29,184 19,494
Egypt 112,393 20,807 35,344 16,299
Libya 94,162 121,016 25,487 67,608
Saudi Arabia 73,381 144,452 29,896 68,184
Netherlands 66,615 50,229 27,756 14,784

 
Turkey's main rebar export destinations on country basis in the first quarter of the current year are presented in the chart below:

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