Turkey’s rebar exports decrease by 4.7 percent in January-May

Turkey’s rebar exports decrease by 4.7 percent in January-May

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In May this year, Turkey’s rebar exports amounted to 301,370 metric tons, down 22.8 percent compared to April and decreasing by 56.9 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $125.11 million, decreasing by 26.8 percent compared to April and down 62.8 percent year on year.

Meanwhile, in the first five months of this year, Turkey’s rebar exports amounted to 2.24 million metric tons, down 4.7 percent year on year, while the revenue generated by these exports totaled $959.76 million, decreasing by 14.1 percent compared to the same period of 2019.

In the given period, Turkey’s largest rebar export destination was Yemen which received 441,820 metric tons, down 7.85 percent year on year. Yemen was followed by Israel with 320,474 metric tons and the US with 225,141 metric tons.

 

Turkey’s top 10 rebar export destinations in January-May 2020:

Country

Amount (mt)

January- May 2020

January- May 2019

Y-o-y change (%)

May 2020

May 2019

Y-o-y change (%)

Yemen

441.820

479.450

-7,85

45.085

95.131

-52,61

Israel

320.474

342.022

-6,3

48.957

91.082

-46,25

US

225.141

17.819

22.300

Singapore

183.667

100097

83,49

52.261

41.357

26,37

Ethiopia

113.634

104187

9,07

40.992

Hong Kong

100.118

50220

99,36

50.220

Djibouti

62.511

65491

-4,55

9.610

21.242

-54,76

Jamaica

49.001

76178

-35,68

20.136

30.024

-32,93

Malaysia

41.022

52535

-21,91

2.365

18.788

-87,41

Senegal

39.649

60736

-34,72

12.296

Turkey’s main rebar export destinations on country basis in January-May this year are presented below:

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