According to the data provided by the Turkish Statistical Institute (TUIK), in March this year Turkey's wire rod exports increased by 35.4 percent year on year to 147,110 metric tons, up 58.0 percent compared to the previous month. The revenue from these exports amounted to $117.4 million, up 57.8 percent month on month and increasing by 67.7 percent compared to the same month of 2021.
Meanwhile, in the January-March period of this year, Turkey's wire rod exports amounted to 299,825 metric tons, up 7.3 percent year on year, while the revenue generated by these exports totaled $241.94 million, increasing by 47.2 percent compared to the same period of 2021.
In the given period, Turkey's largest wire rod export destination was Israel which received 74,518 metric tons. Israel was followed by Romania with 53,488 metric tons and the Netherlands with 38,700 metric tons.
Turkey's main wire rod export destinations in January-March 2022:
Country |
Amount (mt) |
|
|
|
|
|
|
January-March 2022 |
January-March 2021 |
Y-o-y change (%) |
March 2022 |
March 2021 |
Y-o-y change (%) |
Israel |
74,518 |
84,000 |
-11.29 |
33,379 |
16,932 |
97.14 |
Romania |
53,488 |
11,444 |
367.39 |
34,697 |
4,008 |
765.69 |
Netherlands |
38,700 |
29,596 |
30.76 |
28,582 |
29,596 |
-3.43 |
Italy |
20,356 |
12,501 |
62.83 |
11,419 |
12,439 |
-8.20 |
Canada |
15,099 |
- |
- |
3,714 |
- |
- |
Peru |
11,774 |
23,401 |
-49.69 |
- |
12,513 |
- |
Ivory Coast |
9,267 |
4,892 |
89.43 |
- |
- |
- |
Senegal |
7,627 |
- |
- |
5,407 |
- |
- |
Morocco |
7,264 |
10,826 |
-32.90 |
265 |
10,507 |
-97.48 |
Paraguay |
6,418 |
9,313 |
-31.09 |
379 |
2,681 |
-85.86 |
Turkey's main wire rod export destinations in January-March: