Turkey's wire rod exports up 5.7 percent in January-September

According to the data provided by the Turkish Statistical Institute (TUIK), in September this year Turkey's wire rod exports decreased by 20.3 percent year on year to 48,492 metric tons, down 38.3 percent month on month. The revenue from these exports amounted to $29.43 million, down 19.4 percent year on year and decreasing by 37.9 percent month on month. In the given month, the average price of Turkey's wire rod exports stood at $606.8/mt, increasing by $3.5/mt month on month and up from the average of $600.2/mt recorded in the same month of 2013.

Meanwhile, in the January-September period of this year Turkey's wire rod exports increased by 5.7 percent to 736,977 metric tons, while the value of these exports amounted to $439.3 million, up 4.3 percent, both on year-on-year basis.
 
In the first nine months of this year, the US ranked first among Turkey's wire rod export destinations by importing 169,311 mt, up 323.6 percent year on year. In the given period, Turkey's wire rod exports to Israel increased by 45.9 percent year on year to 136,474 mt. Israel was followed by Libya, which imported 62,751 metric tons of wire rod from Turkey in the given period, down 33.3 percent year on year.
 
Turkey's top 10 wire rod export destinations in the first nine months of this year:

Country	Amount (mt)
	January-September 2014	January-September 2013	Y-o-y change (%)	September 2014	September 2013	Y-o-y change (%)
US	169,311	39,974	323.55	30,451	4,277	611.97
Israel	136,474	93,545	45.89	30,198	8,145	270.76
Libya	62,751	94,101	-33.32	-	9,368	-
Morocco	56,440	222	-	-	-	-
Italy	47,699	32,847	45.22	4,259	-	-
Brazil	41,333	32,653	26.58	391	1,443	-72.9
Iraq	31,619	40,694	-22.3	2,455	5,436	-54.84
Peru	22,501	24,775	-9.18	-	-	-
Belgium	20,005	196	-	-	-	-
Spain	19,351	21,169	-8.59	-	5,250	-

 
Turkey's main wire rod destinations on country basis in the first nine months of the current year are presented in the chart below: