September 11, 2023
Foreign Trade Indices in Türkiye, July 2023
The overall export unit value index decreased by 2.1%
As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 2.1% in July. In the same month, compared to July 2022, index increased by 2.7% for manufactured goods (except food, beverages and tobacco), decreased by 3.4% for food, beverages and tobacco, decreased by 16.1% for crude materials (except fuels) and decreased by 34.3% for fuels.
The overall export volume index increased by 10.6%
The overall export volume index compared to the corresponding month of the preceding year increased by 10.6% in July. Compared with July 2022, index increased by 47.9% for food, beverages and tobacco, increased by 3.9% for crude materials (except fuels), increased by 17.9% for fuels and increased by 4.7% for manufactured goods (except food, beverages and tobacco).
The overall import unit value index decreased by 15.7%
As compared with the corresponding month of the preceding year, the overall import unit value index decreased by 15.7% in July. Index decreased by 15.8% for food, beverages and tobacco, decreased by 41.5% for fuels, decreased by 24.2% for crude materials (except fuels) and decreased by 6.6% for manufactured goods (except food, beverages and tobacco).
The overall import volume index increased by 31.0%
In July, the overall import volume index compared to the corresponding month of the preceding year increased by 31.0%. Index increased by 42.4% for food, beverages and tobacco, increased by 10.9% for crude materials (except fuels), increased by 10.8% for fuels and increased by 39.8% for manufactured goods (except food, beverages and tobacco).
Foreign trade indices, July 2023
[2015=100]
| Export | Import | |||||
|---|---|---|---|---|---|---|
| Index | Index | |||||
| Sectors (SITC Rev.4) |
July 2022 | July 2023 | Change (%) |
July 2022 | July 2023 | Change (%) |
| Unit value indices | ||||||
| General | 116.0 | 113.6 | -2.1 | 150.4 | 126.8 | -15.7 |
|
Food, beverages and tobacco |
99.0 | 95.6 | -3.4 | 132.0 | 111.2 | -15.8 |
|
Crude materials except fuels |
133.5 | 112.0 | -16.1 | 170.6 | 129.2 | -24.2 |
|
Fuels |
209.6 | 137.6 | -34.3 | 261.8 | 153.1 | -41.5 |
|
Manufactured goods except food, beverages and tobacco |
112.5 | 115.5 | 2.7 | 120.0 | 112.1 | -6.6 |
|
Commodities not classified else where in SITC |
142.9 | 162.6 | 13.8 | 165.8 | 185.8 | 12.0 |
| Volume indices | ||||||
| General | 127.0 | 140.5 | 10.6 | 109.2 | 143.1 | 31.0 |
|
Food, beverages and tobacco |
119.3 | 176.5 | 47.9 | 137.1 | 195.2 | 42.4 |
|
Crude materials except fuels |
157.7 | 163.9 | 3.9 | 116.9 | 129.6 | 10.9 |
|
Fuels |
185.7 | 219.0 | 17.9 | 91.9 | 101.8 | 10.8 |
|
Manufactured goods except food, beverages and tobacco |
130.7 | 136.8 | 4.7 | 108.2 | 151.2 | 39.8 |
|
Commodities not classified else where in SITC |
8.6 | 32.4 | 276.7 | 341.7 | 484.6 | 41.8 |
STIC : Standard International Trade Classification
The calendar and seasonally adjusted export volume index decreased by 6.8%
The calendar and seasonally adjusted export volume index which was 158.4 in June 2023, decreased by 6.8%, to 147.6 in July 2023. The calendar adjusted export volume index which was 143.9 in July 2022, increased by 0.1%, to 144.1 in July 2023.
The calendar and seasonally adjusted import volume index increased by 8.5%
The calendar and seasonally adjusted import volume index which was 126.7 in June 2023, increased by 8.5%, to 137.4 in July 2023. The calendar adjusted import volume index which was 121.3 in July 2022, increased by 20.5%, to 146.2 in July 2023.
Terms of trade was 89.6 in July 2023
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 77.1 in July 2022, it increased by 12.5 points to 89.6 in July 2023
The next release on this subject will be on October 09, 2023.
Source: Turkish Statistical Institute (TurkStat)
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