According to the data provided by the Turkish Statistical Institute (TUIK), in March this year Turkey's wire rod exports decreased by one percent year on year to 74,123 metric tons, down five percent compared to the previous month. The revenue from these exports amounted to $24.83 million, down 5.1 percent month on month and falling 29 percent compared to the same month of the previous year.
In the January-March period of this year, Turkey's wire rod exports amounted to 222,759 mt, rising by 2.5 percent, while the value of these exports decreased by 30.4 percent to $75.2 million, both year on year.
In the given period, Turkey's largest wire rod export destination was Egypt which received 59,640 metric tons. Egypt was followed by Israel with 45,439 metric tons and the US with 24,566 metric tons.
Turkey's main wire rod export destinations in January-March:
Country | Amount (mt) | |||||
January- March 2016 | January- March 2015 | Y-o-y change (%) | March 2016 | March 2015 | Y-o-y change (%) | |
Egypt | 59,640 | 2,751 | - | 10,547 | - | - |
Israel | 45,439 | 65,017 | -30.11 | 15,938 | 19,357 | -17.66 |
USA | 24,566 | 60,455 | -59.36 | 2,183 | 18,237 | -88.03 |
Libya | 14,525 | 11,860 | 22.47 | 2,733 | 7,706 | -64.53 |
Chile | 14,240 | - | - | 6,750 | - | - |
Morocco | 11,712 | 198 | - | - | - | - |
Iraq | 8,978 | 8,610 | 4.27 | 3,747 | 4,482 | -16.40 |
Turkey's main wire rod export destinations on country basis in the first three months of the current year are presented in the chart below:
