Turkstat announced data on May 2019 foreign trade indices.

As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 5.4% in May.

In the same month, compared to May 2018, the index for food, beverages, and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages, and tobacco) decreased by 1.5%, 6%, 7.6%, and 5.7%, respectively.

As compared with the corresponding month of the preceding year, the overall import unit value index decreased by 3.9% in May.

The index for food, beverages, and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages, and tobacco) decreased by 6.6%, 8%, 0.2%, and 4.1%, respectively.

The overall export volume index compared to the corresponding month of the preceding year increased by 18.4% in May.

Compared with May 2018, the index for food, beverages, and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages, and tobacco) increased by 3%, 8.2%, 115.2%, and 17.8%, respectively.

In May, the overall import volume index compared to the corresponding month of the preceding year decreased by 16%.

While the index for food, beverages, and tobacco, and crude materials (except fuels) increased by 10.4% and 5.8%, respectively, the index for fuels and manufactured goods (except food, beverages, and tobacco) decreased by 2.2% and 17.7%, respectively.

The calendar and seasonally adjusted export volume index which was 161.7 in April 2019, increased by 8.5%, to 175.4 in May 2019.

The calendar-adjusted export volume index, which was 149.8 in May 2018, increased by 18.4%, to 177.4 in May 2019.

The calendar and seasonally adjusted import volume index which was 120.2 in April 2019, decreased by 2.6%, to 117.1 in May 2019.

The calendar-adjusted import volume index, which was 147 in May 2018, decreased by 16.5%, to 122.7 in May 2019.

Terms of trade are calculated by dividing the export unit value index by the import unit value index, then multiplying the result by 100.

While terms of trade were 102.9 in May 2018, it decreased by 1.6 points to 101.3 in May 2019. (ILKHA)