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FinancialNews


  • 30-10-19

    Turkish natural stone sector finds new markets in South America

    (MENAFN) The head of Istanbul Mineral Exporters Association (IMIB) said the Turkish natural stones sector, which makes USD2 billion exports annually, is focuses on new markets in South American countries such as Brazil, Argentina and Chile.

    Aydin Dincer told Anadolu Agency that the natural stones sector must diversify export destinations due to reductions in its export markets including China.

    The half of natural stones exports is constituted by marble, of which main destinations are China and India, he noted.

    China imports of natural stones from Turkey make USD1 billion, a 10percent narrowing means USD100 million for the natural stone sector, he stressed.

    "The U.S. is the leading country for our exports of manufactured goods with USD400 million, followed by Saudi Arabia," Dincer added.

    As for the mining sector"s exports, he said the sector"s exports were around USD4.5-5 billion annually and it aims to close 2019 with USD4.6 billion exports.

    "The natural stone sector, which constitutes half of mining sector's exports, is a significant item," he added.

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