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:
