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Uzbekistan decreases steel import from Turkey

Türkiye Materials 12 March 2020 16:37 (UTC +04:00)

BAKU, Azerbaijan, Mar. 12

By Rufiz Hafizoglu - Trend:

Turkey’s export of steel to Uzbekistan from January through February 2020 has made up $5.9 million, which is 39.7 percent less compared to the same period of 2019, Turkey’s Ministry of Trade told Trend on March 12.

Turkey’s export of steel to Uzbekistan in February 2020 also decreased to make up $2.7 million, which is 40.8 percent less compared to February 2019, the ministry noted.

From January through February 2020, export of steel from Turkey to world markets dropped by 9.5 percent compared to the same period of 2019, amounting to $2.1 billion.

Turkey’s steel export amounts to 7.4 percent of the country’s total export for January through February 2020.

In February 2020, Turkey’s export of steel to world markets amounted to $1 billion, which is 15 percent less compared to the same month of 2019, and 6.9 percent of the country’s total export.

From February 2019 through February 2020, Turkey has exported steel worth $13.6 million.

Turkey’s foreign trade turnover in January 2020 exceeded $33.9 billion.

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Follow the author on Twitter: @rhafizoglu

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