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The export figure in the ferrous and non-ferrous metals sector reached 12.3 billion dollars

The exports of the ferrous and non-ferrous metals sector reached 12.3 billion dollars in the 10 months of this year, an increase of 22 percent compared to the same period of the previous year.

The export figure in the ferrous and non-ferrous metals sector reached 12.3 billion dollars

According to the statement made by İDDMİB, Turkey's exports amounted to 209 billion dollars. The contribution of 12.3 billion dollars to total exports came from the ferrous and non-ferrous metals sector. With an export of 12.3 billion dollars, the sector, which received a 5 percent share from the general export, became the sixth largest exporter among the industrial sectors. October 2022 exports of the iron and non-ferrous metals sector increased by 2.8 percent compared to the same month of the previous year and amounted to 1.06 billion dollars.

22% increase in exports 

Çetin Tecdelioğlu, Chairman of the Board of Directors of the Istanbul Ferrous and Non-Ferrous Metals Exporters' Association (IDDMIB), whose views are included in the statement, pointed out that the exports of the sector increased by 22 percent compared to the same period of the previous year, and said, "In the January-October 2022 period, our industry's exports amounted to 4 percent. It was realized as 2.6 billion tons with an increase of 0.6. In the January-October 2022 period of the ferrous and non-ferrous metals industry, the unit export price increased by 17 percent compared to the same period of the previous year, reaching $4.65 per kilogram. In the January-October period of 2022, our highest export was to Germany with 1.7 billion dollars. 915 million dollars were exported to Italy, which ranks second, and 785 million dollars to the USA, which is third. used the phrases.

Copper exports exceeded 2 billion dollars 

Çetin Tecdelioğlu also gave information about complementary sectors and continued his words as follows: “Exports of the copper industry exceeded 2 billion dollars in the January-October 2022 period, with an increase of 11.25 percent compared to the same period of the previous year. The increase in the exports of the armature sector in the said period was 9.56 percent and the export amounted to 3.3 billion dollars. Casting exports, another complementary sector, increased by 3.76 percent and reached 8.1 billion dollars. While there was an increase of 36.52 percent in the exports of the aluminum industry, the export income exceeded 5.4 billion dollars. Exports of 2 billion dollars were realized in the hardware sector, where an increase of 11.9 percent was experienced. In the January-October period, the increase in the exports of the general kitchen sector was 0.07 percent. The amount of exports was realized as 4.9 billion. While the exports of the construction materials industry increased by 14.18 percent to 29.4 billion dollars, the exports of the metal packaging industry increased to 417 with an increase of 26 percent.

158 new members registered in the union in a month

Tecdelioğlu stated that the number of members of the Istanbul Ferrous and Non-Ferrous Metals Exporters' Association reached 7 thousand 430 from 7 thousand 272 compared to the previous month. Çetin Tecdelioğlu said: “In the period of October 2022, in the exports of ferrous and non-ferrous metals sub-sector, the aluminum product group ranked first on value basis with 439 million dollars. The aluminum sector was followed by iron and steel products with 217 million dollars, metals with 208 million dollars, and copper product groups with 168 million dollars. The copper industry ranks first in the world and Europe in the export of copper wires in the product group. While we rank second in the world in exports of other copper alloys, we rank first in exports to Europe. As a sector, we are pleased that the increase in our exports continues. We will continue to contribute to the economy of our country with our exports. With our exports, we have become the sixth largest exporter among the industrial sectors.

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