Terms of trade increased in March
The export unit value index rose 2.7 percent in March compared with the same month a year earlier. Compared with the same month of the previous year, the index increased 11.2 percent in food, beverages, and tobacco, and 4.6 percent in manufacturing (excluding food, beverages, and tobacco), while 9.6 percent percent in raw materials (without fuel) and 23.6 percent in fuels.
The export unit value index increased by 3.7% in the first quarter of 2023 compared to the first quarter of the previous year.
The export quantity index rose 1.6 percent in March compared with the same month a year earlier. Compared with the same month of the previous year, the index decreased 6.6 percent in food, beverages, and tobacco, and 1.8 percent in the manufacturing industry (excluding food, beverages, and tobacco), while 34.5 percent percent in raw materials (without fuel) and 23.5 percent in fuels.
The export quantity index decreased by 1.2 percent in the first quarter of 2023 compared to the first quarter of the previous year.
THE UNIT VALUE INDEX OF IMPORTS DECREASED 10.1 PERCENT
The unit value index of imports decreased 10.1 percent in March compared to the same month of the previous year. Compared to the same month of the previous year, the index decreased 1.0 percent in food, beverages, and tobacco, 12.3 percent in raw materials (without fuel), 31.1 percent in fuels, and 3.4 percent in the manufacturing industry (without food). , drinks and tobacco).
The import unit value index decreased by 4.7 percent in the first quarter of 2023 compared to the first quarter of the previous year.
The import quantity index increased 15.1 percent in March compared to the same month of the previous year. Compared to the same month of the previous year, the index increased 69.5 percent in food, beverages, and tobacco, 9.6 percent in raw materials (without fuel), 0.8 percent in fuels, and 17.7 percent in the manufacturing industry (without food, beverages, tobacco). .
The import quantity index increased 16.7 percent in the first quarter of 2023 compared to the first quarter of the previous year.
According to the series corrected for seasonality and calendar; The export quantity index, which was 132.6 in February 2023, increased by 9.8 percent and became 145.5 in March 2023. According to the corrected calendar series; The export quantity index, which was 152.2 in March 2022, increased by 1.6 percent and became 154.6 in March 2023.
According to the series corrected for seasonality and calendar; The import quantity index, which was 131.9 in February 2023, decreased by 4.2 percent and became 126.4 in March 2023. According to the corrected calendar series; The import quantity index, which was 112.2 in March 2022, increased by 15.1 percent and became 129.1 in March 2023.
INCREASED FOREIGN TRADE LIMIT
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 obtained at 75.6 in March 2022, increased 10.8 points to 86.4 in March of 2023.
In the first quarter of 2023, the terms of foreign trade increased 6.8 points compared to the same period of the previous year and went to 82.9.