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Kazakhstan's import of Turkey-made steel plummets amid COVID-19

Türkiye Materials 21 August 2020 16:21 (UTC +04:00)
Kazakhstan's import of Turkey-made steel plummets amid COVID-19

BAKU, Azerbaijan, Aug. 21

By Rufiz Hafizoglu – Trend:

Turkey's export of steel to Kazakhstan significantly decreased by 46.76 percent over the first seven months of 2020, compared to the same period of 2019, amounting to $18.4 million, Turkey’s Ministry of Trade told Trend.

Reportedly, in July 2020, Turkey exported the steel to Kazakhstan worth $4 million, which is 65.73 percent less compared to July 2019.

Steel export from Turkey to international markets dropped by 16.4 percent from January through July 2020, compared to the same period of 2019, and amounted to $7 billion.

Meanwhile, Turkey’s steel export made up 7.8 percent of the country's total export over this period.

In July 2020, Turkey exported the steel worth $1 billion to foreign markets, which is 15.4 percent less compared to the same month of 2019, the ministry said.

Turkey’s steel export in July 2020 accounted for 7 percent of the country's total export.

Over the past 12 months (from July 2019 through July 2020), Turkey exported the steel worth $12.4 billion abroad.

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