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Turkey's export of steel decreases

Türkiye Materials 6 April 2020 11:07 (UTC +04:00)
Turkey's export of steel decreases

BAKU, Azerbaijan, Apr. 6

By Rufiz Hafizoglu - Trend:

Export of steel from Turkey to world markets from January through March 2020 decreased by 15.1 percent compared to the same period of last year, standing at $3.1 billion, Turkey’s Ministry of Trade told Trend on April 6.

According to the ministry, Turkey’s steel export amounted to 7.3 percent of the country’s total export for the reporting period.

“In March 2020, Turkey exported steel worth $984.1million to world markets, which is 24.4 percent less compared to the same month of 2019,” the ministry said.

Turkey’s steel export in March 2020 made up 7.3 percent of the country’s total export.

“In the last 12 months (from March 2019 through March 2020), Turkey exported steel worth $13.2 billion,” the ministry added.

Turkey’s foreign trade turnover in February 2020 exceeded $32.2 billion.

In February 2020, export from Turkey increased by 2.3 percent compared to February 2019, exceeding $14.6 billion.

Turkey's import increased by 9.8 percent in February 2020 compared to the same month of 2019 and exceeded $17.6 billion.

From January through February 2020, export of Turkey increased by 4.1 percent compared to the same period of 2019, reaching $29.3 billion. Meanwhile, Turkey’s import increased by 14.3 percent compared to the same period of 2019, exceeding $36.8 billion.

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