Terms of trade increased in January

The Turkish Statistical Institute (TUIK) announced the foreign trade indices for January 2023.

The terms of trade, which was calculated by dividing the unit value index of exports by the unit value index of imports and which in January 2022 was 76.4, increased 3.8 points to 80.2 in January 2022. 2023.

The unit value index of exports for January increased 5.0 percent compared to the same month of the previous year. Compared to the same month of the previous year, the index increased 12.5 percent in food, beverages, and tobacco, 12.5 percent in fuels, and 4.3 percent in the manufacturing industry (excluding food, beverages, and tobacco), while which increased 3.0 percent. percent in raw materials (excluding fuel).

EXPORT AMOUNT INDEX INCREASES BY 5 PERCENT

The export quantity index increased 5.0 percent in January 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, 16.5 percent in raw materials (without fuel), 32.7 percent in fuels and 3.3 percent in cent in the manufacturing industry (without food). , drinks, tobacco).

The unit value index of imports increased 0.1 percent in January compared to the same month of the previous year. Compared to the same month of the previous year, the index increased 1.0 percent in food, beverages, and tobacco and 1.0 percent in the manufacturing industry (without food, beverages, and tobacco), while in raw materials it increased 3.6 percent (not including fuel) and 4.4 percent in fuels.

THE IMPORT AMOUNT INDEX INCREASES 20.5 PERCENT

The import quantity index rose 20.5 percent in January compared to the same month a year earlier. Compared to the same month of the previous year, the index increased 19.0 percent in food, beverages, and tobacco, 4.2 percent in fuels, and 11.7 percent in the manufacturing industry (excluding food, beverages, and tobacco), while which increased 22.4 percent. percent in raw materials (excluding fuel).

According to the series corrected for seasonality and calendar; The export quantity index, which was 156.1 in December 2022, decreased by 4.5 percent and became 149.1 in January 2023. According to the corrected calendar series; The export quantity index, which was 130.6 in January 2022, increased by 0.9 percent, becoming 131.7 in January 2023.

According to the series corrected for seasonality and calendar; The import quantity index, which was 123.1 in December 2022, increased by 8.6 percent and became 133.8 in January 2023. According to the corrected calendar series; The import quantity index, which was 111.3 in January 2022, increased by 16.7 percent and became 129.9 in January 2023.