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TUIK: Turkey's steel export value fell by eight percent in the first quarter of 2026

TUIK: Turkey's steel export value fell by eight percent in the first quarter of 2026

According to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), Turkey's foreign trade deficit increased by 56.0 percent to $11.21 billion in March this year compared to March 2025. exports ranked as the country's fifth-highest export value item at $1.05 billion, up 0.8 percent from last year. Meanwhile, this month, the export value of iron and steel products, which ranked seventh among the products with the highest export value, fell 3.1 percent year on year to US$806.02 million.

In January-March this year, the export value of iron and steel from Turkey fell eight percent to US$2.45 billion, and the export value of iron and steel products from iron or steel increased by 0.7 percent. to $2.27 billion year on year

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