According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), the Turkish foreign trade deficit in May of this year increased by 17.6% to $12.53 billion compared to May 2022.
From January to May this year, Turkey’s foreign trade deficit increased by 29.3% yearly, to reach $56.22 billion. In May, Türkiye’s iron and steel exports ranked ninth among the products of the highest export value, totalling $746.98 million, down 45.2% year on year.
Meanwhile, the value of exports of iron or steel products, which ranked eighth among the products with the highest export value, increased during May by 7.9% year on year, reaching $853.23 million. During the period from January to May of this year, the value of Turkey’s exports of iron and steel declined by 50.8% to reach $3.43 billion, while the value of its exports of iron or steel materials decreased by 2.9%, to reach $4.12 billion, on an annual basis.
Ezz_Web_Banner_Side_280x200
qatar_steel2
SMS group
Steelco
Awards
SteelOrbis
steelradar
Arab Steel Summit
Türkiye’s steel exports decreased by 50.8% during the period from January to May 2023
- 23 June 2023
- 9:24 pm
- Steel News
Twitter
Facebook
Related News
Ezz-780-1
kuwit-steel3
mih-1
Latest News
USA Confirms 25% Steel tariff on China
16 May، 2024
9:38 am
Saudi Pipelines wins a supply contract for Aramco worth $37 million
15 May، 2024
8:38 am
Turkey : Scrap import prices decline amid slow finished steel demand
14 May، 2024
3:35 am
Fitch expects China’s steel, cement and aluminum production to recover in Q2
14 May، 2024
12:07 am
Rebar prices in Egypt May 14, 2024
14 May، 2024
12:01 am
Egypt: Iron and steel mine profits rise to more than EGP 113 million within 9 months
13 May، 2024
12:52 pm
Iraq : Danieli to supply new billet caster to Iraq’s Muhaj Baghdad
13 May، 2024
1:08 am
Steel prices in the second week of May 2024
11 May، 2024
8:18 pm