The terms of trade decreased 4.8 annual points in October

The Turkish Statistical Institute published the foreign trade indices data for October.

Consequently, the terms of trade, which was calculated by dividing the unit value index of exports by the unit value index of imports and which was 79.2 in October 2021, decreased 4.8 points and became from 74.4 in October 2022.

THE EXPORT UNIT VALUE INCREASED 1.8 PERCENT

The unit value index of exports increased by 1.8% in October compared to the same month of the previous year. Compared to the same month of the previous year, the index increased 9.0 percent in food, beverages and tobacco, 3.9 percent in raw materials (without fuel) and 34.2 percent in fuels, 0 percent in industry manufacturing (without food). , drinks, tobacco) 8 decreased.

The exported quantity index increased 1.1 percent in October compared to the same month of the previous year. Compared with the same month of the previous year, the index decreased 2.2 percent in food, beverages and tobacco, 18.5 percent in raw materials (without fuel), 29.5 percent in fuels and 0 percent in the manufacturing industry (without food). , drinks, tobacco) 1 increased.

THE UNIT VALUE OF IMPORTS INCREASED 8.3 PERCENT

The unit value index of imports increased 8.3 percent in October compared to the same month of the previous year. Compared to the same month of the previous year, the index increased 4.7 percent in food, beverages and tobacco, and 35.6 percent in fuels, 0.2 percent in raw materials (without fuel) and 2.1 percent in the manufacturing industry (not including food, beverages, tobacco).

The imported quantity index increased 21.3 percent in October compared to the same month of the previous year. Compared to the same month of the previous year, the index increased 9.0 percent in food, beverages, and tobacco, 18.5 percent in raw materials (excluding fuel), 1.3 percent in fuels, and 15.2 percent in the manufacturing industry (without food, beverages, tobacco).