Turkmenistan increases imports of steel from Turkey
BAKU, Azerbaijan, Sept. 19
By Rufiz Hafizoglu - Trend:
The value of steel export from Turkey to Turkmenistan spiked by 54 percent in the past eight months of 2020, compared to the same period of 2019, having exceeded $80.8 million, the Turkish Trade Ministry told Trend.
In August 2020, Turkey exported steel worth over $9 million to Turkmenistan, which is 5.5 percent less than in the same month of last year.
Steel exports from Turkey to world markets decreased by 16.1 percent from January through August 2020, compared to the same period of 2019, amounting to $7.8 billion.
The ministry said that Turkey’s steel exports made up 7.7 percent of the country's total exports over the specifying period.
In August 2020, Turkey exported the steel to international markets in the amount of $878.4 million, which is 13.5 percent less compared to August 2019, the ministry noted.
At the same time, Turkey’s steel exports in August 2020 accounted for 7 percent of the country's overall exports.
Over the past 12 months (from August 2019 through August 2020), Turkey exported the steel worth over $12.3 billion to foreign markets.
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