According to the data provided by the Turkish Statistical Institute (TUIK), in November last year Turkey's wire rod exports decreased by 25.3 percent year on year to 48,017 metric tons, down 43.9 percent compared to the previous month. The revenue from these exports amounted to $18.9 million, down 42.7 percent month on month and falling by 15.1 percent compared to the same month of the previous year.
In the January-November period of last year, Turkey's wire rod exports amounted to 870,167 mt, rising by 20.4 percent, while the value of these exports increased by seven percent to $343.2 million, both year on year.
In the given period, Turkey's largest wire rod export destination was Israel which received 189,213 metric tons. Israel was followed by Egypt with 114,320 metric tons and the US with 102,601 metric tons.
Turkey's main wire rod export destinations in the January-November period:
Country | Amount (mt) | |||||
Jan-Nov 2016 | Jan-Nov 2015 | Y-o-y change (%) | November 2016 | November 2015 | Y-o-y change (%) | |
Israel | 189,213 | 158,497 | 19.38 | 10,882 | 23,613 | -53.92 |
Egypt | 114,320 | 51,457 | 122.17 | 11,084 | 22,973 | -51.75 |
USA | 102,601 | 209,774 | -51.09 | 10,882 | 23,613 | -53.92 |
Netherlands | 45,957 | - | - | - | - | - |
Morocco | 44,179 | 17,282 | 155.64 | - | - | - |
Libya | 44,095 | 35,228 | 25.17 | - | - | - |
Romania | 33,644 | 34,240 | -1.74 | - | - | - |
Spain | 31,559 | 31,375 | 0.59 | 4,200 | 3,300 | 27.27 |
Iraq | 27,074 | 25,340 | 6.84 | 3,098 | 2,852 | 8.63 |
Turkey's main wire rod export destinations on country basis in the first 11 months of last year are presented in the chart below:
