Turkey's steel exports to US down by over 70% in 11 months of 2019
BAKU, Azerbaijan, Dec. 13
By Rufiz Hafizoglu - Trend:
In the first 11 months of 2019, Turkey's steel exports to the US amounted to over $242.1 million, having decreased by 71.67 compared to the same period in 2018, Trend reports referring to the Turkish Trade Ministry.
In November 2019, Turkey's steel exports to the US decreased by 74.32 percent compared to November 2018, and amounted to slightly over $20.2 million.
The ministry noted that from January through November, Turkish exports to the US decreased by 3.93 percent compared to the same period in 2018, though exceeded $7.2 billion.
Turkey's exports to the US in November 2019 amounted to $645.8 million, having decreased by 20.19 percent compared to November 2018.
In the first eleven months of 2019, Turkey's steel exports slightly exceeded $72.1 billion, having increased by 6.99 percent compared to the same period in 2018.
However, in November 2019, Turkey's steel exports decreased by 36.05 percent, compared to November 2018, and amounted to just over $5.7 billion.
Over the past 12 months (November 2018 - November 2019), Turkey's steel exports increased by 11.25 percent, compared to the same period in 2017-2018, and exceeded $79.8 billion.
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