Turkish Statistical Institute (TUIK) announced the foreign trade indices for the month of May.
Accordingly, the export unit value index decreased by 1.2 percent in May compared to the same month of the previous year. Compared to the same month of the previous year, the index increased by 6.6 percent in food, beverages and tobacco and by 2.5 percent in the manufacturing industry (excluding food, beverages, tobacco), while it decreased by 11.8 percent in raw materials (excluding fuel) and 38.2 percent in fuels. .
Export quantity index increased by 15.8 percent in May compared to the same month of the previous year. Compared to the same month of the previous year, the index gained value by 14.6 percent in food, beverages and tobacco, 6.5 percent in raw materials (excluding fuel), 47.5 percent in fuels and 13.4 percent in the manufacturing industry (excluding food, beverages and tobacco). .
The import unit value index decreased by 13 percent in May compared to the same month of the previous year. Compared to the same month of the previous year, the index decreased by 10.8 percent in food, beverages and tobacco, 26.2 percent in raw materials (excluding fuel), 32.7 percent in fuels and 7.1 percent in the manufacturing industry (excluding food, beverages and tobacco).
The import quantity index gained 32.7 percent in May compared to the same month of the previous year. Compared to the same month of the previous year, the index increased by 80.8 percent in food, beverages and tobacco, by 3.6 percent in raw materials (excluding fuel), by 13.9 percent in fuels and by 38.6 percent in the manufacturing industry (excluding food, beverages and tobacco).
Seasonally and calendar adjusted data
According to the seasonally and calendar adjusted series, the import quantity index, which was 133.2 in April, increased by 0.3 percent to 133.6 in May. According to the calendar adjusted series, the import quantity index, which was 120 in May 2022, increased by 16.7 percent and reached 140 in May 2023.
According to the seasonal and calendar adjusted series; The import quantity index, which was 133.2 in April, increased by 0.3 percent and rose to 133.6 in May this year. According to the calendar adjusted series, the import quantity index, which was 120 in May last year, increased by 16.7 percent and reached 140 in the same month of this year.
The terms of foreign trade, which was calculated by dividing the export unit value index by the import unit value index and obtained as 76.4 in May 2022, increased by 10.4 points to 86.8 in May this year.
