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Steel export from Turkey to Azerbaijan drops

Türkiye Materials 17 February 2020 17:11 (UTC +04:00)

BAKU, Azerbaijan, Feb. 17

By Rufiz Hafizoglu – Trend:

Turkey's export of steel to Azerbaijan dropped in January 2020, Turkey’s Ministry of Trade told Trend on Feb. 17

In January 2020, Turkey’s export of steel to Azerbaijan amounted to $6.9 million, which is 17.84 percent less compared to the same month of 2019.

Export of steel from Turkey to world markets dropped by 4 percent, amounting to $1.1 billion.

Turkey’s steel export amounted to 7.8 percent of country’s total export in January 2020.

From January 2019 through January 2020, Turkey’s export of steel amounted to $13.7 billion or 7.6 percent of country’s total export for this period.

In 2019, steel export from Turkey to Azerbaijan increased by 16.39 percent compared to 2018 and exceeded $118.4 million.

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Follow the author on Twitter: @rhafizoglu

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