Iron and steel sectors decreased by 41 percent in April

Turkey's exports in April decreased by 17.2 percent to 19.3 billion dollars. With the effect of the stagnation in demand, 21 of the 27 exporting sectors saw a decline. Exports of iron and steel sectors also continued to decline due to falling commodity prices, high energy prices and the exchange rate falling behind inflation for a long time.

A sharp decrease in steel exports

The ferrous and non-ferrous metals sector exported 997 million dollars with a 33.4 percent decrease in April, while the steel sector exported 1 billion dollars with a 46.8 percent decrease. Ferrous and non-ferrous metals exports accounted for 5.2 percent of Turkey's total exports, while steel had a 5.5 percent share. The two sectors accounted for 10.7 percent of Turkey's April exports despite the declines.

The Mediterranean Ferrous and Non-Ferrous Metals Exporters' Association (ADMIB) realized exports of 63 million dollars in April in the ferrous and non-ferrous metals sector, a decrease of 29.9 percent compared to the same period last year. In this month, steel exports decreased by 61.2 percent to 109 million dollars.

Germany was the most successful country in Turkey's steel exports

In April, the most successful country in Turkey's iron and steel exports was Germany with 206.8 million dollars. This country was followed by Israel with 110 million dollars and Italy with 104.6 million dollars. In ADMIB's exports, Iraq ranked first with 13.6 million dollars. This country was followed by Egypt with 13.3 million dollars and Romania with 12.1 million dollars. Exports to Romania increased by 199 percent.