Turkish Statistical Institute (TUIK) announced the foreign trade indices for August.
Accordingly, the export unit value index increased by 3.6 percent in August compared to the same month last year.
Compared to August 2023, the index increased by 11.8 percent in food, beverages and tobacco, by 7.4 percent in raw materials (excluding fuel), by 2.7 percent in the manufacturing industry (excluding food, beverages and tobacco), while it decreased by 10.2 percent in fuels. showed.
Import unit value index increased by 2.9 percent on an annual basis in August.
Compared to the same month last year, the index increased by 8.8 percent in food, beverages and tobacco, 5.4 percent in fuels, 1.1 percent in raw materials (excluding fuel), and 0.9 percent in the manufacturing industry (excluding food, beverages and tobacco). .
QUANTITY INDICES
The export quantity index decreased by 1.2 percent in August compared to the same month last year. In this period, the index decreased by 6.6 percent in food, beverages and tobacco, by 7.8 percent in fuels, by 0.8 percent in the manufacturing industry (excluding food, beverages and tobacco), while it increased by 3.6 percent in raw materials (excluding fuel).
The import quantity index decreased by 13.2 percent on an annual basis in August. In the index, compared to the same month of the previous year, there was a decrease of 7.7 percent in food, beverages and tobacco, 5.6 percent in fuels, 7.7 percent in the manufacturing industry (excluding food, beverages and tobacco), while there was a decrease of 6 percent in raw materials (excluding fuel). It was recorded that there was an increase of 1.
DATA ADJUSTED FOR SEASONAL AND CALENDAR EFFECTS
According to the series adjusted for seasonal and calendar effects, the export quantity index, which was 150.9 in July, was calculated as 155.8 in August, with an increase of 3.2 percent. According to the calendar adjusted series, the export quantity index, which was 144.9 in August last year, increased by 2.9 percent and became 149.
According to the seasonally and calendar adjusted series, the import quantity index, which was 117.1 in July, increased by 0.7 percent to 118 in August. According to the calendar adjusted series, the index, which was 128.9 in August last year, decreased by 10.4 percent and was calculated as 115.5 in the same month this year.
The terms of foreign trade, which is calculated by dividing the export unit value index by the import unit value index and was 87.7 in August last year, increased by 0.6 points and was recorded as 88.3 in the same month of this year.
