In March this year, Turkey’s wire rod exports amounted to 136,650 metric tons, down by 5.5 percent compared to February and up by 319.1 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $84.48 million, decreasing by 6.9 percent compared to the previous month and growing by 250.9 percent year on year.
In the January-March period, Turkey's wire rod exports amounted to 350,966 mt, up 172.3 percent, while the value of these exports increased by 136.9 percent to $218.07 million, both year on year.
In the given period, Turkey’s largest wire rod export destination was Romania which received 113,909 mt. Romania was followed by Belgium with 38,248 mt and Bulgaria with 27,632 mt.
Turkey’s top 10 wire rod export destinations in January-March period this year:
Country |
Amount (mt) |
|
|
|
|
|
|
January-March 2023 |
January-March 2024 |
Y-o-y change (%) |
March 2023 |
March 2024 |
Y-o-y change (%) |
Romania |
11,681 |
113,909 |
875.2 |
4,911 |
49,667 |
911.3 |
Belgium |
- |
38,248 |
- |
- |
- |
- |
Bulgaria |
2,474 |
27,632 |
>1000.0 |
- |
16,026 |
- |
Spain |
2,950 |
22,687 |
669.1 |
- |
18,969 |
- |
Australia |
15,819 |
18,640 |
17.8 |
5,499 |
8,775 |
59.6 |
Israel |
63,288 |
18,208 |
-71.2 |
12,966 |
6,743 |
-48.0 |
Italy |
1,088 |
16,299 |
>1000.0 |
- |
9,149 |
- |
Bosnia-Herzegovina |
- |
12,864 |
- |
- |
5,255 |
- |
Croatia |
- |
8,806 |
- |
- |
8,716 |
- |
Egypt |
2,640 |
8,590 |
225.4 |
- |
800 |
- |
Turkey’s main wire rod export destinations on country basis in January-March period this year are presented below:
