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Turkey’s steel export value up 9.7% in January – August 2022

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in August this year Turkey’s foreign trade deficit increased by 159.9% to $11.19 billion compared to August 2021.

In the January-August period this year, Turkey’s foreign trade deficit rose by 146.3% year on year to $73.44 billion.

In August, Turkey’s iron and steel exports ranked fourth among the country’s products with the highest export value, totaling $1.23 billion, decreasing by 30.2% year on year.

Meanwhile, in the given month the value of exports of articles of iron or steel, which ranked ninth among the products with the highest export value, rose by 14.1% year on year, amounting to $916.81 million.

In the first eight months of this year, Turkey’s iron and steel export value was up by 9.7% to $10.98 billion, while the value of its exports of articles of iron or steel increased by 29.8 percent to $6.98 billion, both year on year.

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About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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92 Members

28 Board of Directors

17 Country

300.000 Employees

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