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Rebar exports from Turkey have decreased

Rebar exports from Turkey have decreased since the beginning of the year.

Rebar exports from Turkey have decreased

In the first five months of 2023, Turkey exported about 1.1 million tons of rebar, a 58% decrease compared to the corresponding period last year. The value of exports fell 62% year on year to $747.7 million.

The top three export destinations were Israel (258,000 tons, down 50% year on year), Yemen (208,000 tons, down 37% year on year) and the United States (81,000 tons, down 54% year on year).

In May, rebar exports from Turkey amounted to about 207,000 tons, up 24% compared to the previous month and down 48% compared to the same period last year. The value of these exports was about $139 million, up 17% m/m and down 60% y/y.

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