According to the data provided by the Turkish Statistical Institute (TUIK), in May this year Turkey's wire rod exports increased by 101.7 percent year on year to 155,206 metric tons, up 56.1 percent compared to the previous month. The revenue from these exports amounted to $142.59 million, up 63.7 percent month on month and increasing by 167.2 percent compared to the same month of 2021.
Meanwhile, in the January-May period of this year, Turkey's wire rod exports amounted to 552,637 metric tons, up 11.3 percent year on year, while the revenue generated by these exports totaled $470.01 million, increasing by 49.6 percent compared to the same period of 2021.
In the given period, Turkey's largest wire rod export destination was Israel which received 129,655 metric tons. Israel was followed by the Netherlands with 68,700 metric tons and Romania with 67,047 metric tons.
Turkey's main wire rod export destinations in January-May 2022:
Country |
Amount (mt) |
|
|
|
|
|
|
January-May 2022 |
January-May 2021 |
Y-o-y change (%) |
May 2022 |
May 2021 |
Y-o-y change (%) |
Israel |
129,655 |
110,218 |
17.64 |
24,895 |
1,797 |
1285.36 |
Netherlands |
68,700 |
85,851 |
-19.98 |
30,000 |
- |
- |
Romania |
67,047 |
21,399 |
213.32 |
12,791 |
9,688 |
32.03 |
Canada |
36,085 |
31,159 |
15.81 |
1,797 |
205 |
776.59 |
Senegal |
29,585 |
5,850 |
405.73 |
7,614 |
5,850 |
30.15 |
Italy |
29,567 |
15,501 |
90.74 |
9,185 |
- |
- |
Ivory Coast |
19,157 |
7,012 |
173.20 |
9,889 |
- |
- |
Morocco |
17,014 |
18,553 |
-8.30 |
9,750 |
7,470 |
30.52 |
Spain |
15,849 |
5,680 |
179.03 |
10,000 |
2,493 |
301.12 |
Peru |
11,774 |
33,525 |
-64.88 |
- |
10,124 |
- |
Turkey's main wire rod export destinations in January-May:
