Turkey’s wire rod exports down 43.8 percent in January-May

Wednesday, 08 July 2020 14:29:58 (GMT+3)   |   Istanbul
       

According to the data provided by the Turkish Statistical Institute (TUIK), in May this year Turkey's wire rod exports decreased by 54.4 percent year on year to 104,439 metric tons, up 84.9 percent compared to the previous month. The revenue from these exports amounted to $45.52 million, up 80 percent month on month and decreasing by 61.6 percent compared to the same month of 2019.


Meanwhile, in the January-May period of this year, Turkey's wire rod exports amounted to 485,078 metric tons, down 43.8 percent year on year, while the revenue generated by these exports totaled $104.44 million, decreasing by 49.8 percent compared to the same period of 2019.

In the given period, Turkey's largest wire rod export destination was Israel which received 95,788 metric tons. Israel was followed by Haiti with 46,578 metric tons and Singapore with 42,802 metric tons.

Turkey's main wire rod export destinations in January-May 2020:

 

Country

Amount (mt)

 

 

 

 

 

 

January-May 2020

January- May 2019

Y-o-y change (%)

May 2020

May 2019

Y-o-y change (%)

Israel

95,788

181,978

-47.36

11,154

25,825

-56.81

Haiti

46,578

57,199

-18.57

11,810

10,869

8.66

Singapore

42,802

20,015

113.85

11,000

15,767

-30.23

Egypt

31,405

12,703

147.23

4,778

3,838

24.49

Netherlands

30,050

103,212

-70.89

30,050

50,695

-40.72

Morocco

28,209

26,840

5.10

6,026

1,144

426.75

Romania

14,265

35,625

-59.96

-

                     -

                        -

Ivory Coast

13,558

-

                      -

-

-

                        -

Senegal

13,187

34,385

-61.65

53

14,995

-99.65

Libya

13,151

4,550

189.03

-

4,050

                        -

Turkey's main wire rod export destinations in January-May:


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