The mining sector achieved an export of 2 billion 815 million dollars in the first 6 months of the year. Stating that the sector’s export was 3 billion 355 million dollars in the same period of last year, Istanbul Mining Exporters Association (İMİB) Board Member Derviş Han Elmacı expressed that, “The most important reason for the decrease in both quantity and price in mining exports is the shrinking global markets, especially the US market. Besides, the uncertainty environment is among the factors affecting exports.
The export data of the mining sector for the first 6 months were announced. Mining exports decreased by 16.09 percent to 2 billion 815 million dollars in the January-June period compared to the same period of last year. In the same period of last year, exports were at the level of 3 billion 239 million dollars. When looking at the export of June, it decreased by 18.64 percent compared to the same month of last year. June export decreased from 594 million dollars to 483 million dollars. In the first six months of 2023, compared to the same period of last year, metallic ores ranked first with a decrease of 20.02 percent and 970 million dollars by product group. The second place was natural stones with 907 million dollars. The decrease in natural stone exports reached 13.44 percent. In industrial minerals exports, which ranked third, a decrease of 15.77 percent was experienced. Industrial mineral exports amounted to 579.5 million dollars in the first 6 months.
Shrinking global markets were effectıve
Evaluating the export data for the first 6 months, Istanbul Mining Exporters Association (İMİB) Board Member Derviş Han Elmacı expressed that, “2023 started as a difficult year for mining in our country as well as in the whole world and it continues as a difficult year. This situation also reflected on export figures. When we look at the mining export data for the first six months of 2023, there was a decrease in all mining sector items. Among the reasons for this decrease are; increasing production costs, especially energy; product prices and exchange rates that cannot be increased. Property permits and other permits that are required for mining production but delayed or not obtained deeply affect the sector. The supply of mining production consumables, especially construction machinery, after the pandemic also makes mining production difficult. The most important reason for the decrease in both quantity and price in mining exports is the shrinking global markets, especially the US market. In addition, the uncertainty environment is among the factors affecting exports. Our expectation for the end of 2023 is similar to the first 6 months. However, depending on the developments that will occur in conditions and situations, improvements can be seen in mining export figures.”
The top 10 countries with the highest export volume in the first 6 months (dollar)
1-CHINA 721,473,066 747,366,956
2-USA 335,999,132 222,393,405
3-ITALY 168,040,678 126,632,229
4-BULGARIA 217,411,792 123,626,212
5-INDIA 91,543,074 102,919,294
6-SPAIN 162,159,502 97,035,662
7-BELGIUM 150,726,877 95,109,669
8-ROMANIA 86,345,805 68,245,129
9-FRANCE 88,259,445 67,310,689
10-ISRAEL 78,624,248 64,580,498
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