Export of ferrous and non-ferrous metals exceeded $7 billion

The exports of the ferrous and non-ferrous metals sector reached $7.4 billion in the January-July period. In the January-July period, the highest export in sub-sector exports was in the aluminum product group with $2.95 billion.

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% compared to the same month of the previous year and reached $989 million.

The January-July period exports of the sector, on the other hand, decreased by 14.8% compared to the same period of the previous year and amounted to $7.4 billion. Accordingly, the ferrous and non-ferrous sector took a 6% 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.

In July, the highest export was made to Germany with $142.4 million

Cetin Tecdelioglu, Deputy Chairman of the Turkish Exporters Assembly (TIM) and Chairman of the Board of Directors of IDDMIB, whose views are included in the statement, stated that the sector made the highest export to Germany with $142.4 million in July, with the USA in the second place with $50.8 million and Italy in the third place 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, Tecdelioglu said, “In the January-July period, the highest export in sub-sector exports was in the aluminum product group with $2.95 billion. The aluminum sector was followed by ferrous and non-ferrous products with $1.4 billion, metal goods with $1.3 billion and copper product groups with $1.2 billion.”

Expressing that they will diversify their export markets within the scope of the Far Countries Strategy, Tecdelioglu 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 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.”

Tecdelioglunoted that they will continue to organize Sectoral trade delegations with Buying Committees and UR-GE projects to target markets, and to make national and info participations in prestigious fairs.

Stating that they have already carried out more activities compared to the same months of 2022, Tecdelioglu 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.”

Source: Trthaber / Prepared by Irem Yildiz

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