Turkey’s steel export value up 19.1% in January - March 2024

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in March this year Turkey’s foreign trade deficit decreased by 12.4% to $7.34 billion compared to March 2023. In the January-March period this year, Turkey’s foreign trade deficit went down by 41.5% year on year to $20.34 billion. In March, Turkey’s iron and steel exports ranked eighth among the country’s products with the highest export value, totaling $894.58 million, up by 9.6% year on year. Meanwhile, in the given month the value of exports of articles of iron or steel, which ranked fifth among the products with the highest export value, went down by 0.5% year on year, amounting to $946.45 million. In the first three months of this year, Turkey’s iron and steel export value was up by 19.1% to $2.48 billion, while the value of its exports of articles of iron or steel decreased by 0.2% to $2.49 billion, both year on year.