Turkish Statistical Institute announced the foreign trade indices for the month of March.
Accordingly, the export unit value index increased by 2.7 percent 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 percent in food, beverages and tobacco, and by 4.6 percent in the manufacturing industry (excluding food, beverages, tobacco), while 9.6 percent in raw materials (excluding fuel) and 23.6 percent in fuels. decreased.
Export unit value index increased by 3.7 percent in the first quarter of 2023 compared to the first quarter of the previous year.
Export quantity index increased by 1.6 percent
Export quantity index increased by 1.6 percent compared to the same month of the previous year. Compared to the same month of the previous year, the index decreased by 6.6 percent in food, beverages and tobacco, and by 1.8 percent in the manufacturing industry (excluding food, beverages, tobacco), while 34.5 percent in raw materials (excluding fuel) and 23.5 percent in fuels. It increased.
The export quantity index decreased by 1.2 percent in the first quarter of 2023 compared to the first quarter of the previous year.
Import unit value index decreased by 10.1 percent
The import unit value index decreased by 10.1 percent compared to the same month of the previous year. Compared to the same month of the previous year, the index decreased by 1.0 percent in food, beverages and tobacco, by 12.3 percent in raw materials (excluding fuel), by 31.1 percent in fuels and by 3.4 percent in the manufacturing industry (excluding food, beverages and tobacco). .
The import unit value index decreased by 4.7 percent in the first quarter of 2023 compared to the first quarter of the previous year.
Import quantity index increased by 15.1 percent
Import quantity index increased by 15.1 percent 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 percent in food, beverages and tobacco, 9.6 percent in raw materials (excluding fuel), 0.8 percent in fuels and 17.7 percent in the manufacturing industry (excluding food, beverages, tobacco). . The import quantity index increased by 16.7 percent 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.
