Turkey’s overall export unit value index increases by 7.6% in March

Turkey’s overall export unit value index increases by 7.6% in March

As compared with the corresponding month of the preceding year, the overall export unit value index increased by 7.6% in March, the Turkish Statistical Institute said in a statement on Friday.

In the same month, compared to March 2020, the index for food, beverages, and tobacco, crude materials (except fuels), fuels, and manufactured goods (except food, beverages, and tobacco) increased by 4.7%, 17.9%, 51.9%, and 5.9%, respectively.

The overall export unit value index increased by 5.9% in Quarter I 2021, compared to the corresponding quarter of the preceding year.

The overall export volume index increased by 32.3%

The overall export volume index compared to the corresponding month of the preceding year increased by 32.3% in March. Compared with March 2020, while the index for fuels decreased by 10.8%, the index for food, beverages and tobacco, crude materials (except fuels) and manufactured goods (except food, beverages, and tobacco) increased by 10.3%, 18.9%, and 37.8%, respectively.

The overall export volume index increased by 10.8% in Quarter I 2021, compared to the corresponding quarter of the preceding year.

The overall import unit value index increased by 14.3%

As compared with the corresponding month of the preceding year, the overall import unit value index increased by 14.3% in March. The index for food, beverages, and tobacco, crude materials (except fuels), fuels, and manufactured goods (except food, beverages, and tobacco) increased by 15.9%, 39.4%, 11.3%, and 11.7%, respectively.

The overall import unit value index increased by 9.7% in Quarter I 2021, compared to the corresponding quarter of the preceding year.

The overall import volume index increased by 10.0%

In March, the overall import volume index compared to the corresponding month of the preceding year increased by 10.0%. The index for food, beverages, and tobacco, crude materials (except fuels), fuels, and manufactured goods (except food, beverages, and tobacco) increased by 8.1%, 13.6%, 8.5%, and 19.4%, respectively.

The overall import volume index remained the same in Quarter I 2021, compared to the corresponding quarter of the preceding year.

The calendar and seasonally adjusted export volume index increased by 0.9%

The calendar and seasonally adjusted export volume index which was 131.2 in February 2021, increased by 0.9%, to 132.4 in March 2021. The calendar-adjusted export volume index which was 112.5 in March 2020, increased by 27.1%, to 143.1 in March 2021.

The calendar and seasonally adjusted import volume index increased by 1.3%

The calendar and seasonally adjusted import volume index which was 110.6 in February 2021, increased by 1.3%, to 111.9 in March 2021. The calendar-adjusted import volume index which was 108.6 in March 2020, increased by 6.4%, to 115.6 in March 2021.

 Terms of trade was 91.0 in March 2021

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 96.6 in March 2020, it decreased by 5.6 points to 91.0 in March 2021.

Terms of trade decreased by 3.3 points to 93.9 in Quarter I 2021, compared to the corresponding quarter of the preceding year.

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