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Enhanced global steel trade monitoring
Steel Imports Report: Turkey
Background
In 2017, Turkey was the world’s ninth largest steel importer. In 2018 Turkey imported 10.3 million metric tons of steel, down 23 percent from 13.3 million metric tons in 2017. Turkey’s imports represented about 4 percent of all steel imported globally in 2017, based on available data. The volume of Turkey’s 2017 steel imports was roughly a third of that of the world’s largest importer, the United States. In value terms, steel represented just 3.9 percent of the total value of goods Turkey imported in 2017.
Turkey imports steel from more than 85 countries and territories. The 10 countries labeled in the map below represent the top import sources for Turkey’s imports of steel, with each sending more than 300 thousand metric tons and together accounting for 79 percent of Turkey’s steel imports in 2018.
Over the past decade, Turkey has, for the most part, maintained a continuous trade surplus in steel products. In 2012, exports started to decline while imports continued to climb. By mid-2014 steel exports and imports reached equilibrium and until mid-2016, Turkey’s imports outpaced exports. Since then, (with the exception of Q3 in 2017) Turkey’s exports have greatly outpaced imports with a surplus of 9.5 million metric tons in 2018, an increase of 231% compared to 2017.
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