Business

Mining industry increased its exports by 70% in April

Mining products exports increased by 69.6% in April compared to the same period of the previous year and rose from $329 million 305 thousand to $558 million 471 thousand.

According to the information compiled from the data of the Turkish Exporters Assembly (TIM), Turkey’s exports in April increased by 109% compared to the same month of the previous year, amounting to $18 billion 776 million, while mining products worth $558 million 471 thousand were exported to 155 countries in the same period.

While exports of the sector amounted to $4 billion 778 million in the last 12 months, total exports increased by 40.2% in the first 4 months compared to the same period of the previous year, reaching $1 billion 772 million 905 thousand.

The share of mining products exports in Turkey’s total exports was 3% in April.

Last month, Istanbul realized $119 million 860 thousand of the total exports of mining products from 72 cities of Turkey. This figure corresponded to 21% of the total exports of the sector.

Following Istanbul, the other cities with the highest exports of mining products were Ankara with $110 million 209 thousand, Elazig with $54 million 487 thousand, Kastamonu with $30 million 782 thousand, Antalya with $28 million 108 thousand and Rize with $23 million 477 thousand.

THE MOST EXPORT IS TO CHINA

The country where the mining products industry exported the most last month was recorded as China. China exported $167 million 220 thousand in April.

China was followed by the USA with $42 million 770 thousand, Sweden with $40 million 34 thousand, Indonesia with $24 million 922 thousand, Spain with $23 million 163 thousand, Bulgaria with $22 million 364 thousand and Italy with $19 million 329 thousand.

When looking at the change in the export volume of the sector by country, the highest export increase on amount basis was recorded in China with $59 million 422 thousand.

In the sub-items of the mining products sector, metal ores made the biggest contribution to the exports of the sector in April with $214 million 175 thousand.

This was followed by marble, travertine, onyx, granite, and other natural mining products suitable for carving and construction with $173 million 608 thousand, mineral materials with $98 million 471 thousand and non-mineral products with $70 million 170 thousand.

In April, $1 million 680 thousand of mineral fuels and $345 thousand of granite raw, roughly chipped or block mining products were exported.

“WE WANT TO ACHIEVE A COLLECTIVE SUCCESS”

TIM Sectors Council Mining Sector President Rustem Cetinkaya stated in his statement that the data showed that the sector started to heal last year’s wounds rapidly and that they wanted to achieve a collective success by exceeding the 2019 figures in exports with this momentum.

Stating that the increase in unit prices in metallic mines has a positive impact on export figures, Cetinkaya said, “On the other hand, we do not have problems that pose serious obstacles to both our country’s total exports and our sector exports. Exorbitant increases in freight prices slow down the collection and shipment of many sold ready-made materials.”

Reminding that the number of cases has peaked in India, which is one of the major markets on the natural stone side, Cetinkaya said, “This situation may cause a slowdown as of the second quarter. The uncertainty about Saudi Arabia, which is one of our biggest export markets in the processed natural stone, also causes our producers not to see the future.”

Source: NTV / Translated by Irem Yildiz

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