Reduced iron and sponge iron imports in Turkey: data, top suppliers and prices
In 2024, Turkey imported reduced iron and sponge iron worth $374.6 million (1.05 million tonnes). That makes it the 3rd largest importer of this product worldwide, out of 147 countries. That is 36% more than in 2023. Across 2017-2024 the long-run trend was broadly stable.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $374.6M | 1.05M t |
| 2023 | $276.2M | 730.2K t |
| 2022 | $275.0M | 587.7K t |
| 2021 | $173.1M | 316.2K t |
| 2020 | $101.6M | 371.4K t |
| 2019 | $183.7M | 582.0K t |
| 2018 | $95.7M | 292.2K t |
| 2017 | $296.1M | 809.8K t |
Where Turkey imports reduced iron and sponge iron from
Most of the value came from Russia (48%), United States (24%), Libya (16%). Among the main suppliers, Venezuela grew fastest (+191% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Russia | $178.5M | 48% |
| United States | $90.1M | 24% |
| Libya | $58.6M | 16% |
| Venezuela | $36.1M | 9.6% |
| Uzbekistan | $9.1M | 2.4% |
| Italy | $2.1M | 0.6% |
| Iran | $73K | 0% |
| China | $5K | 0% |
| Germany | $1K | 0% |
| Romania | $0K | 0% |
Product types under HS 7203
| 7203.10 | Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms | 92% |
| 7203.90 | Ferrous products: spongy ferrous products and iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms | 7.7% |
Codes and full descriptions: HS heading 7203.
Average import price per kg
The average declared value was about $0.36 per kg, close to the world average of $0.30.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Turkey?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Direct customs feed: shipment-level records from the official customs source.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7203: Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or the like; iron having a minimum purity of 99.94%, in lumps, pellets or similar forms.
Common questions
What is the value of reduced iron and sponge iron imported by Turkey?
Turkey imported reduced iron and sponge iron worth $374.6 million in 2024, the latest year with complete public data, about 1.05 million tonnes. That ranks it 3rd of 147 countries worldwide, with 8% of world imports. The value was up 36% on 2023.
Which countries supply reduced iron and sponge iron to Turkey?
Russia was the largest supplier with 48% of the value ($178.5 million), followed by the United States (24%) and Libya (16%). The top three together account for 87%, out of 12 supplier countries in total. Venezuela grew fastest among the top ten, up 191% on the year.
What is the average import price of reduced iron and sponge iron per kg?
The average declared import value was about $0.36 per kg in 2024, 20% above the world average of $0.30 per kg. It is total declared value divided by total weight, so it blends every grade and size; use it as a benchmark, not a quote. Prices per shipment and per company are in EximDataX.
How have imports of reduced iron and sponge iron to Turkey changed since 2017?
Imports went from $296.1 million in 2017 to $374.6 million in 2024, an increase of 27%. 2024 was the highest year in the period. Monthly and weekly movements since then are in EximDataX.
What is the HS code for reduced iron and sponge iron?
The HS code for reduced iron and sponge iron is heading 7203. In Turkey the largest six-digit codes were 7203.10 (92% of the value) and 7203.90 (8%). It sits in HS chapter 72 (iron and steel). The full list of codes and descriptions is on the HS 7203 page.
How can I find the companies behind this trade?
Public statistics stop at country totals. EximDataX has a direct customs feed for Turkey with shipment-level records, updated weekly, so you can see importers and exporters by name with dates, quantities and declared values. Tell us your product and we will show you the latest records on a live call.
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