Turkey's steel pipe exports up 2.52 percent in Jan-Mar

In the first three months of the current year, Turkey's steel pipe exports increased by 2.52 percent year on year to 472,894 metric tons, according to the statistics provided by the Turkish Steel Pipe Manufacturers Association (CEBID). The value of these export totaled $403.81 million, decreasing by 1.60 percent year on year.
 
In the first three months this year, the largest export markets for Turkish steel pipes were Iraq, the UK and the US. In the given period, steel pipe exports to Iraq decreased by 0.25 percent to 98,744 mt, while exports to the UK increased by 98.62 percent to 78,002 mt and exports to the US decreased by 11.42 percent to 68,772 mt, all year on year. In the given period, due to the more positive economic atmosphere in the EU, Turkish steel pipe exports to EU countries recorded increases, rising to 208,000 metric tons, equivalent to a 45 percent share of total steel pipe exports in the period.
 
On the other hand, in March this year, Turkey's steel pipe exports decreased by four percent year on year and were up 36.93 percent month on month, amounting to 175,661 mt. The value of these exports was $149.56 million, down 4.02 percent year on year and up 37.93 percent month on month. 
 
"In the first quarter of this year, Turkey recorded a 2.52 percent of increase in steel pipe exports compared with the same period of 2013, with no increases in steel pipe imports. If this situation continues, this year we expect our sector to offset the four percent decline in steel exports which was recorded in 2013," said Mehmet Zeren, secretary general of CEBID.
 
Turkey's top 10 steel pipe export destinations in the first three months this year: