Turkey’s Bauxite import remains strong during 2017-19: Projected dip by 31.86% in 2020

The economy of Turkey is an emerging market economy as defined by the International Monetary Fund. Turkey is among the world's developed countries according to the CIA World Factbook. Turkey is also defined by economists and political scientists as one of the world's newly industrialized countries.

Turkey’s bauxite importation market remained with advantage during 2017-19 as it recorded a moderate volume of import at 117,168 tonnes and the revenue expended remained at $46.32 million. The estimated importation for 2020 though has been analysed to 25,862 tonnes only and the expenditure might reach to $11.60 million. When the current years analysed import volume and expenditure is added up with the preceding three years it stands at 143,030 tonnes and $57.92 million.

The country’s bauxite import in 2017 was recorded at 38,930 tonnes and the foreign revenue expended stood to $13.16 million, whereas in 2018 the import volume went up to 40,280 tonnes and the expenditure also rose to $17.72 million.

In 2019 the bauxite import of Turkey saw a fall as the import remained at 37,958 tonnes and the expenditure also came down to $15.44, while in 2020 the projected analysis reflected a dip by 31.86% Y-o-Y basis, as the import might only land to 25,862, which is the lowest across four years phase and the expenditure also pulled down to $11.60 million.

The major bauxite export trade countries for Turkey import are China, India Netherlands, etc.