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Construction materials exports reach $2.84 billion in May

Türkiye's construction materials exports rose by 5.6% y-o-y in May, reaching $2.84 billion, according to the latest foreign trade index published by the Turkish Construction Materials Manufacturers Association (İMSAD).

Construction materials exports reach $2.84 billion in May

In terms of volume, exports increased by 9% to 4.92 million tons, marking the highest level in both value and volume since September 2022. The total exports over the last 12 months reached $29.73 billion.

The significant rise in May exports compared to April was notable, with a $428 million increase in value and 831,000 tons in volume. Despite uncertainties due to tariff expectations in key markets, Türkiye emerged as a strong alternative supplier. While commodity prices increased in May, tightening domestic measures added to financing challenges.

Meanwhile, imports in the construction materials sector decreased by 14.4% y-o-y to $996 million in May. Volume-wise, imports amounted to approximately 347,000 tons, with an average import unit price of $2.87 per kilogram.

The report also highlighted positive performance across most subsectors. Exports rose in six out of eight subgroups, while two experienced declines. Growth rates were 3.6% in iron and steel products, 1.8% in mineral, stone and soil products, 12.6% in electrical equipment and apparatus, 10.6% in metal-based products, 5.3% in chemical-based products, and 0.7% in wood and wooden products.

Conversely, exports of insulation materials decreased by 13.6%, and prefabricated buildings dropped by 15.4%.

The average export unit price per kilogram in the construction materials sector was $0.58 in May. These developments indicate a strong outlook for the sector in the upcoming period.

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