...

Iran reduces import of Turkey's cement

Business Materials 24 June 2020 13:39 (UTC +04:00)
Cement export from Turkey to Iran in the first 5 months of 2020 lowered by 50 percent compared to the same period in 2019, having made up $4.4 million
Iran reduces import of Turkey's cement

BAKU, Azerbaijan, June 24

By Rufiz Hafizoglu – Trend:

Cement export from Turkey to Iran in the first 5 months of 2020 decreased by 50 percent compared to the same period in 2019, having made up $4.4 million, Turkish Trade Ministry told Trend on June 24.

In May 2020, Turkish cement export to Iran slumped by 76.6 percent compared to May 2019 and amounted to $541,000.

Turkey’s export of cement to world markets from January through May 2020 went down by 6.9 percent compared to the same period in 2019, having stood at over $1.3 billion.

According to the ministry, the cement export from Turkey amounted to 2.3 percent of the country’s total export for the reporting period.

“In May 2020, Turkey’s export of cement to international markets amounted to $250.3 million, which is 29.3 percent less compared to the same month of 2019,” the ministry said.

Turkey’s export of cement to international markets in May this year amounted to 2.5 percent of the country’s total export.

During the last twelve months (from May 2019 through May 2020), Turkey exported cement worth $3.4 billion.

---

Follow the author on Twitter: @rhafizoglu

Tags:
Latest

Latest