According to the data provided by the Turkish Statistical Institute (TUIK), in June this year Turkey's wire rod exports increased by 110 percent year on year to 110,678 metric tons, up eight percent compared to the previous month. The revenue from these exports amounted to $51.5 million, up 17.6 percent month on month and rising by 101.7 percent compared to the same month of the previous year.
In the January-June period of this year, Turkey's wire rod exports amounted to 485,158 mt, rising by 14.6 percent, while the value of these exports decreased by 5.3 percent to $190 million, both year on year.
In the given period, Turkey's largest wire rod export destination was Israel which received 118,684 metric tons. Israel was followed by Egypt with 82,330 metric tons and the US with 55,656 metric tons.
Turkey's main wire rod export destinations in January-June:
Country | Amount (mt) | |||||
Jan-Jun 2016 | Jan-Jun 2015 | Y-o-y change (%) | June 2016 | June 2015 | Y-o-y change (%) | |
Israel | 118,684 | 122,429 | -3.06 | 28,436 | 22,020 | 29.14 |
Egypt | 82,330 | 18,959 | 334.25 | - | 6,055 | - |
USA | 55,656 | 106,957 | -47.96 | 4,443 | 12,757 | -65.17 |
Morocco | 22,571 | 17,068 | 32.24 | 10,516 | - | - |
Libya | 21,518 | 22,280 | -3.42 | - | 2,326 | - |
Jordan | 18,600 | 1,168 | - | - | - | - |
Netherlands | 17,531 | - | - | 17,530 | - | - |
Chile | 15,466 | 317 | - | - | - | - |
France | 13,618 | 1,496 | - | 11,944 | - | - |
Turkey's main wire rod export destinations on country basis in the first six months of the current year are presented in the chart below:
