UAE replaces Iraq as Turkey's leading rebar export destination

In May this year, Turkey's rebar exports amounted to 704,792 metric tons, decreasing by 6.02 percent year on year and down 0.21 percent from the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $398.54 million, decreasing by 10.03 percent compared to May 2013 and up 0.52 percent from the previous month.

On the other hand, in the first five months of this year Turkey's rebar exports stood at 3.37 million metric tons, down 2.73 percent year on year, while the total revenue of these exports amounted to $1.91 billion, decreasing by 7.03 percent year on year.

In May this year, Turkey's largest rebar export destination was the UAE with exports amounting to 144,720 metric tons, up 89.33 percent year on year. The UAE was followed by Yemen with 92,516 metric tons, down 5.92 percent and Iraq with 87,744 metric tons, down 36.11 percent, both on year-on-year basis. As Turkey's rebar exports to Iraq have steadily decreased since February this year, in the first five months, the UAE replaced Iraq as Turkey's leading rebar export destination, receiving 505,728 metric tons, up 23.41 percent year on year. In the given period, Iraq received 460,875 metric tons of rebar from Turkey, down 22.54 percent year on year. 
 
Turkey's top 10 rebar export destinations in the first five months of this year:

Turkey's main rebar export destinations on country basis in the first five months of the current year are presented in the chart below: