Turkey’s export unit value index rises by 10.7% in March—statistical agency
As compared with the corresponding month of the preceding year, the overall export unit value index increased by 10.7% in March, the Turkish Statistical Institute said in a statement on Monday.
In the same month, compared to March 2021, the index for food, beverages and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) increased by 6.0%, 16.8%, 79.1% and 7.9%, respectively.
The overall export unit value index increased by 9.4% in Quarter I 2022, compared to the corresponding quarter of the preceding year.
The overall export volume index increased by 8.2%
The overall export volume index compared to the corresponding month of the preceding year increased by 8.2% in March. Compared with March 2021, the index for food, beverages and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) increased by 22.3%, 0.8%, 32.7% and 8.7%, respectively.
The overall export volume index increased by 10.4% in Quarter I 2022, compared to the corresponding quarter of the preceding year.
The overall import unit value index increased by 33.7%
As compared with the corresponding month of the preceding year, the overall import unit value index increased by 33.7% in March. The index for food, beverages and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) increased by 12.4%, 19.2%, 174.2% and 10.1%, respectively.
The overall import unit value index increased by 37.1% in Quarter I 2022, compared to the corresponding quarter of the preceding year.
The overall import volume index decreased by 2.2%
In March, the overall import volume index compared to the corresponding month of the preceding year decreased by 2.2%. While the index for manufactured goods (except food, beverages and tobacco) increased by 1.6%, the index for food, beverages and tobacco, crude materials (except fuels) and fuels decreased by 19.5%, 7.2% and 7.1%, respectively.
The overall import volume index increased by 3.6% in Quarter I 2022, compared to the corresponding quarter of the preceding year.
The calendar and seasonally adjusted export volume index decreased by 3.9%
The calendar and seasonally adjusted export volume index which was 150.4 in February 2022, decreased by 3.9%, to 144.5 in March 2022. The calendar adjusted export volume index which was 142.8 in March 2021, increased by 8.2%, to 154.5 in March 2022.
The calendar and seasonally adjusted import volume index decreased by 4.2%
The calendar and seasonally adjusted import volume index which was 114.6 in February 2022, decreased by 4.2%, to 109.8 in March 2022. The calendar adjusted import volume index which was 115.6 in March 2021, decreased by 2.2%, to 113.1 in March 2022.
Terms of trade was 75.3 in March 2022
Terms of trade is calculated by dividing the export unit value index by the import unit value index, then multiplying the result by 100. While terms of trade was 91.0 in March 2021, it decreased by 15.7 points to 75.3 in March 2022.
Terms of trade decreased by 19 points to 74.9 in Quarter I 2022, compared to the corresponding quarter of the preceding year. (ILKHA)