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Iron and non-iron exports exceeded 7 billion dollars

The exports of the ferrous and non-ferrous metals sector reached 7.4 billion dollars in the January-July period.

Iron and non-iron exports exceeded 7 billion dollars

Çetin Tecdelioğlu, Chairman of the Board of Directors of İDDMİB, said, "In the January-July period, the highest export in the sub-sector exports was in the aluminum product group with $2.95 billion. The aluminum industry is comprised of iron and steel products with $1.4 billion, metal goods and metalware with $1.3 billion. Copper product groups followed with 1.2 billion dollars.

According to the statement made by the Istanbul Ferrous and Non-Ferrous Metals Exporters' Association (IDDMIB), the exports of the ferrous and non-ferrous metals sector in July increased by 1.1 percent compared to the same month of the previous year and reached 989 million dollars.

The January-July period exports of the sector, on the other hand, decreased by 14.8 percent compared to the same period of the previous year and amounted to 7.4 billion dollars. Accordingly, the iron and non-ferrous sector took a 6 percent share from the general export and became the 6th sector with the highest export among the industrial sectors. The unit export price of the sector in the said period was $4.75.

Germany was the country with the most exports

In July 2023, the highest export was made to Germany with 142.4 million dollars.

The USA ranked second with $50.8 million, while Italy was third with $49.7 million.

Emphasizing that in July, exports to the European Union countries, the region to which the industry exports the most, amounted to 517.8 million dollars, and said, "In the January-July period, the highest export in sub-sector exports was in the aluminum product group with 2.95 billion dollars. Iron and steel products followed with 0.4 billion dollars, metal goods with 1.3 billion dollars and copper product groups with 1.2 billion dollars.” used the phrases.

Export markets will be diversified with the Far Countries Strategy

Expressing that they will diversify their export markets within the scope of the Far Countries Strategy, Tecdelioğlu continued as follows:

"We believe that we will reap the fruits of our efforts for the markets we have just won. We expect an increase in orders from the European Union countries, to which we export the most and to which we have increased our targets. We also hope that our exports will gain vitality with the acceleration of diplomatic improvements with Saudi Arabia, Egypt and the Gulf countries."

Stating that they have already carried out more activities compared to the same months of 2022, Tecdelioğlu said, "We know that we need to continue investing in order to increase exports. We must facilitate exporters' access to credit in order to sustain investment and thus growth." expressed his views.

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