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Steel export from Turkey to Iraq increases over seven months

Business Materials 25 August 2020 17:52 (UTC +04:00)
Steel export from Turkey to Iraq increases over seven months

BAKU, Azerbaijan, Aug. 25

By Rufiz Hafizoglu – Trend:

The volume of steel export from Turkey to Iraq grew by 7.6 percent in the first seven months of 2020, compared to the same period of 2019, amounting to $282.3 million, Turkey’s Ministry of Trade told Trend on August 25.

In July 2020, Turkey’s steel export to Iraq made up $52.8 million, having risen by 25.6 percent compared to July 2019.

Steel export from Turkey to international markets dropped by 16.4 percent from January through July 2020, compared to the same period of 2019, and amounted to $7 billion.

Meanwhile, Turkey’s steel export made up 7.8 percent of the country's total export over this period.

In July 2020, Turkey exported the steel worth $1 billion to foreign markets, which is 15.4 percent less compared to the same month of 2019, the ministry said.

Turkey’s steel export in July 2020 accounted for 7 percent of the country's total export.

Over the past 12 months (from July 2019 through July 2020), Turkey exported the steel worth $12.4 billion abroad.

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