Turkish Statistical Institute (TÜİK) released foreign trade indices for April 2025. According to the data, export unit value index increased by 3.3% y/y, while export quantity index increased by 4.4%. Import unit value index increased by 1.1%. Import quantity index, on the other hand, increased by 11.5%.
On a sectoral basis, unit value index of exports increased by 11.0% in food, beverages and tobacco, 5.1% in raw materials (excluding fuel) and 3.7% in manufacturing industry (excluding food, beverages and tobacco). However, there was a 17.6% decrease in the fuels group. In the export quantity index, there was an 8.3% increase in the manufacturing industry, a 4.7% decrease in food, beverages and tobacco, a 0.9% decrease in raw materials and a 0.6% increase in fuels.
In imports, the unit value index increased by 22.3% in food, beverages and tobacco products. Fuels decreased by 11.3%, while raw materials decreased by 1.8% and manufacturing industry increased by 1.5%. Import quantity index increased in all sectors; food, beverages and tobacco products increased by 9.1%, raw materials by 13.7%, fuels by 9.1% and manufacturing industry by 10.7%.
According to seasonally and calendar adjusted data, export quantity index decreased by 10.3% y/y to 143.4 in April from 159.9 in March. Calendar adjusted export quantity index decreased by 5.4% y/y to 140.2. On the other hand, the seasonally and calendar adjusted import quantity index increased by 5.0% y/y to 138.6 and increased by 3.2% y/y to 139.8.
The terms of trade increased by 1.9% points to 88.4 in April 2025. This ratio is calculated as the export unit value index divided by the import unit value index.
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