While the export unit value index increased by 2.7% in March compared to the same month of the previous year, the import unit value index decreased by 10.1%.
Turkish Statistical Institute announced the foreign trade indices for the month of March.
Accordingly, the export unit value index increased by 2.7% in March compared to the same month of the previous year. Compared to the same month of the previous year, the index increased by 11.2% in food, beverages and tobacco, and by 4.6% in the manufacturing industry (except food, beverage, tobacco), while it decreased by 9.6% in raw materials (excluding fuel) and 23.6% in fuels.
Export unit value index increased by 3.7% in the first quarter of 2023 compared to the first quarter of the previous year.
Export quantity index increased by 1.6%
Export quantity index increased by 1.6% compared to the same month of the previous year. Compared to the same month of the previous year, the index decreased by 6.6% in food, beverages and tobacco, and by 1.8% in the manufacturing industry (except food, beverage, tobacco), while it increased by 34.5% in raw materials (excluding fuel) and 23.5% in fuels.
The export quantity index decreased by 1.2% in the first quarter of 2023 compared to the first quarter of the previous year.
Import unit value index decreased by 10.1%
The import unit value index decreased by 10.1% compared to the same month of the previous year. Compared to the same month of the previous year, the index decreased by 1.0% in food, beverages and tobacco, by 12.3% in raw materials (excluding fuel), by 31.1% in fuels and by 3.4% in the manufacturing industry (excluding food, beverages and tobacco).
The import unit value index decreased by 4.7% in the first quarter of 2023 compared to the first quarter of the previous year.
Import quantity index increased by 15.1%
Import quantity index increased by 15.1% in March compared to the same month of the previous year. Compared to the same month of the previous year, the index increased by 69.5% in food, beverages and tobacco, 9.6% in raw materials (excluding fuel), 0.8% in fuels and 17.7% in the manufacturing industry (excluding food, beverages, tobacco). The import quantity index increased by 16.7% in the first quarter of 2023 compared to the first quarter of the previous year.
The terms of trade, which was calculated by dividing the export unit value index by the import unit value index and which was 75.6 in March 2022, increased by 10.8 points to 86.4 in March 2023.
In the first quarter of 2023, the terms of foreign trade increased by 6.8 points compared to the same period of the previous year and became 82.9.
Source: Trthaber / Prepared by Irem Yildiz