In April, the export volume index increased from 118.80 recorded in March to 138.29. Compared to April last year, this represents an increase of 10.3 percent. According to the index, export growth has become even more evident in tonnage terms. Exports of the metallurgical industry, which amounted to 218,041 tons in March, increased by 16.4 percent to 253,814 tons in April. According to the report, the main reason for this increase was the closure of the Strait of Hormuz and the Red Sea due to geopolitical tensions caused by the conflict between the United States, Israel and Iran.
Unit prices have reached record levels
During this month, a simultaneous increase was recorded in the volume, cost and unit price indices, while the export price per unit rose to USD 5.45 per kg, reaching the highest level since the index began to be calculated in 2019.
Double-digit growth in export volumes and a record increase in unit prices also had a positive impact on export earnings, resulting in a record breaking value index. The export value index, which stood at 168.31 in March, increased by 19.8 percent in April to 201.55, reaching the highest level of the previous year. In value terms, exports of the metallurgical industry increased from $1.15 billion in March to $1.38 billion in April.
Cetin Abdelioglu: Turkey has become an alternative supply center
Assessing the April data, Cetin Techdelioglu, chairman of IDDMIB, said that disruptions in global trade have created new opportunities for the Turkish steel industry. Mr. Techdelioglu noted that the growth seen in April represents a historic result not only in terms of volume, but also in terms of value-added exports, adding that the Turkish steel industry has been able to adapt quickly to changes in global supply chains.
He stated that the problems that have arisen in the Strait of Hormuz and the Red Sea corridor position Turkey as
