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Turkey’s overall export unit value index decreases by 1.4% in February

Turkey’s overall export unit value index decreases by 1.4% in February

As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 1.4% in February, Turkish Statistical Institute said in a statement on Friday.

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According to the statement, in the same month, compared to February 2019, while the index for food, beverages and tobacco, and crude materials (except fuels) increased by 2.4%and 0.5%, respectively, the index for fuels and manufactured goods (except food, beverages and tobacco) decreased by 8.6% and 2.0%, respectively.

 The overall export volume index increased by 4.1%

 The overall export volume index compared to the corresponding month of the preceding year increased by 4.1% in February. Compared with February 2019, while the index for food, beverages and tobacco, and manufactured goods (except food, beverages and tobacco) increased by 2.5% and 5.5%, respectively, the index for crude materials (except fuels) and fuels decreased by 2.7% and 21.6%, respectively.

 The overall import unit value index decreased by 6.1%

As compared with the corresponding month of the preceding year, the overall import unit value index decreased by 6.1% in February. The index for food, beverages and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) decreased by 2.8%, 4.0%, 13.5% and 5.5%, respectively.

The overall import volume index increased by 15.3%

 In February, the overall import volume index compared to the corresponding month of the preceding year increased by 15.3%. The index for food, beverages and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) increased by 19.6%, 51.9%, 1.5% and 11.5%, respectively.

The calendar and seasonally adjusted export volume index decreased by 5.1%

 The calendar and seasonally adjusted export volume index which was 171.4 in January 2020, decreased by 5.1%, to 162.6 in February 2020. The calendar adjusted export volume index which was 153.2 in February 2019, increased by 0.5%, to 153.9 in February 2020.

 The calendar and seasonally adjusted import volume index decreased by 2.2%

 The calendar and seasonally adjusted import volume index which was 141.4 in January 2020, decreased by 2.2%, to 138.2 in February 2020. The calendar adjusted import volume index which was 111.4 in February 2019, increased by 15.4%, to 128.5 in February 2020.

Terms of trade was 106.8 in February 2020

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 101.7 in February 2019, it increased by 5.1 points to 106.8 in February 2020.

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