Turkish Statistical Institute (TÜİK) published foreign trade indices for March 2025. According to the data, export unit value index increased by 1.8% compared to the same month of the previous year, while export quantity index increased by 1.5%. In the same period, import unit value index and import quantity index increased by 1.3% and 0.8%, respectively.
Export and import developments by sectors
The highest increase in export unit value index in March was realized in food, beverages and tobacco group with 9.3%. While raw materials (excluding fuel) and manufacturing industry (excluding food, beverages and tobacco) increased by 2.2% and 1.6%, the fuels group decreased by 15.4%.
The export quantity index increased by 1.5% in the same period, while manufacturing industry recorded an increase of 2.0%. However, food, beverages and tobacco decreased by 6.3%, raw materials by 4.1% and fuels by 1.1%.
Imports unit value index increased by 1.3%, led by food, beverages and tobacco products with 16.2%. Fuels increased by 1.2%, while raw materials and manufacturing industry decreased by 4.3% and 1.4%, respectively.
Import quantity index also increased by 0.8% in March. Food, beverages and tobacco increased by 8.0%, fuels by 5.1% and manufacturing industry by 2.7%, while raw materials decreased by 7.3%.
Seasonally adjusted data
Seasonally and calendar adjusted export quantity index increased by 4.4% m/m to 160.6 in March. Calendar adjusted export quantity index increased by 5.7% y/y to 171.1.
According to seasonally and calendar adjusted data, import quantity index increased by 2.8% compared to February to 131.6. Calendar adjusted annual increase was recorded as 4.0%.
Terms of trade increased to 87.7
In March, the terms of trade increased by 0.4 points compared to the same month of the previous year to 87.7. This ratio is calculated by dividing the export unit value index by the import unit value index.
Comments
No comment yet.