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Purchasing Power Parity (Food, Beverages And Tobacco), 2018

MuhasebeNews — Thu, 20 Jun 2019 14:05:07 +0000

Purchasing Power Parity (Food, Beverages And Tobacco), 2018

Price level index for food & non-alcoholic beverages main group in Turkey was 70Price level index is an indicator of purchasing power of national currencies according to currency conversion rates. If a country’s price level index is higher than 100, the country is concerned relatively “expensive” to the average of compared country group and if it is lower than 100 then it is relatively “cheap” against the same compared group.

Price level index is not just calculated for gross domestic product overall but also the main and sub-groups. One of these main groups is food, beverages and tobacco. For 37 countries comprised in the framework, price level indices and purchasing power parities figures are to be obtained not only for the main groups, but also the sub-groups and classes of food and non-alcoholic beverages main group such as breads and cereals, meats, etc.

Price level index for food and non-alcoholic beverages main group in Turkey was 70. This figure represents that the same basket of goods and services purchased for the cost of 100 Euros in total of 28 European Union countries, can be purchased for 70 Euros in Turkey.

The country groups included in the comparison were the 28 member states of European Union, 3 European Free Trade Association (EFTA) countries (Switzerland, Iceland and Norway), 5 candidate countries (Turkey, North Macedonia, Montenegro, Serbia and Albania) and 1 potential candidate country (Bosnia and Herzegovina).

Most expensive country in food and non-alcoholic beverages main group was Norway

In food and non-alcoholic beverages main group, Norway had the highest price level index with 163, whereas North Macedonia had the lowest with 62 among of 37 countries included in the comparison programme.

Price level indices for food & non-alcoholic beverages main group, 2018
[EU28=100]

Source: EUROSTAT

Price level index for tobacco sub-group in Turkey was 35

The price level index for “tobacco” sub-group of Turkey was 35 according to 2018 results. This figure shows that Turkey is 65% cheaper than EU average in “tobacco” sub-group. In addition, the sub-group having the highest price level index was “alcoholic beverages” with 163 for Turkey.

Price level indices for food, beverages and tobacco in Turkey, 2018
[EU28=100]

In Turkey, the highest price level index was realized in the “milk, cheese and eggs” with 96 and the lowest price level index was realized in “bread and cereals” with 61 within the classes of “food and non-alcoholic beverages” sub-group.

Price level indices classes of food and non-alcoholic beverages main-group, 2018
[EU28=100]

Source: TÜİK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Foreign Trade Indices of Turkey, March 2017

MuhasebeNews — Thu, 11 May 2017 15:08:42 +0000

The overall export unit value index decreased by 0.9%
As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 0.9% in March. In the same month, compared to March 2016, while the index for food, beverages and tobacco and manufactured goods (except food, beverages and tobacco) decreased by 8.4% and 1.3%, respectively, the index for crude materials (except fuels) and fuels increased by 9.3% and 24.5%, respectively.

The overall export unit value index decreased by 0.3% in Quarter I 2017, compared to the corresponding quarter of the preceding year.

The overall import unit value index increased by 6.7%
As compared with the corresponding month of the preceding year, the overall import unit value index increased by 6.7% in March. While the index for food, beverages and tobacco decreased by 1.9%, the index for crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) increased by 17.4%, 25.1% and 0.8%, respectively.

The overall import unit value index increased by 6.7% in Quarter I 2017, compared to the corresponding quarter of the preceding year.

Foreign trade indices, March 2017
[2010=100]
The overall export volume index increased by 14.6%
The overall export volume index compared to the corresponding month of the preceding year increased by 14.6% in March. Compared with March 2016, the index for food, beverages and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) increased by 14.4%, 39.9%, 61.4% and 17.7%, respectively.

The overall export volume index increased by 9.6% in Quarter I 2017, compared to the corresponding quarter of the preceding year.

The overall import volume index increased by 0.2%
In March, the overall import volume index compared to the corresponding month of the preceding year increased by 0.2%. While the index for manufactured goods (except food, beverages and tobacco) decreased by 8.3%, the index for food, beverages and tobacco, crude materials (except fuels) and fuels increased by 16.4%, 1.6% and 4.9%, respectively.

The overall import volume index increased by 0.9% in Quarter I 2017, compared to the corresponding quarter of the preceding year.

Foreign trade volume indices, March 2017
[2010=100]

The calendar and seasonally adjusted export volume index increased by 5.9%
The calendar and seasonally adjusted export volume index which was 143.7 in February 2017, increased by 5.9%, to 152.1 in March 2017. The calendar adjusted export volume index which was 141.6 in March 2016, increased by 14.6%, to 162.3 in March 2017.

The calendar and seasonally adjusted import volume index increased by 4%
The calendar and seasonally adjusted import volume index which was 129.8 in February, increased by 4%, to 135 in March 2017. The calendar adjusted import volume index which was 139.1 in March 2016, increased by 0.2%, to 139.4 in March 2017.

Terms of trade was 105.8 in March 2017
Terms of trade is calculated by dividing the export unit value index by the import unit value index, then multiplying the result by 100. While terms of trade were 113.8 in March 2016, it decreased by 8 points to 105.8 in March 2017.

Terms of trade decreased by 7.5 points to 106.3 in Quarter I 2017, compared to the corresponding quarter of the preceding year.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Foreign Trade Indices of Turkey, February 2017

MuhasebeNews — Wed, 12 Apr 2017 08:47:24 +0000

The overall export unit value index decreased by 0.3%
As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 0.3% in February. In the same month, compared to February 2016, while the index for “food, beverages and tobacco” and “manufactured goods (except food, beverages and tobacco)” decreased by 8% and 1.5%, respectively, the index for “crude materials (except fuels)” and “fuels” increased by 8.7% and 58.5%, respectively.

The overall import unit value index increased by 7.3%
As compared with the corresponding month of the preceding year, the overall import unit value index increased by 7.3% in February. While the index for “food, beverages and tobacco” decreased by 2.8%, the index for “crude materials (except fuels)”, “fuels” and “manufactured goods (except food, beverages and tobacco)” increased by 14.3%, 31.4% and 1.4%, respectively.

Foreign trade indices, February 2017
[2010=100]
The overall export volume index decreased by 1.6%
The overall export volume index compared to the corresponding month of the preceding year decreased by 1.6% in February. Compared with February 2016, the index for “food, beverages and tobacco”, “crude materials (except fuels)”, “fuels” and “manufactured goods (except food, beverages and tobacco)” increased by 4.9%, 14.1%, 15.9% and 5.4%, respectively.

The overall import volume index decreased by 5.3%
In February, the overall import volume index compared to the corresponding month of the preceding year decreased by 5.3%. While the index for “fuels” increased by 8.7%, the index for “food, beverages and tobacco”, “crude materials (except fuels)” and “manufactured goods (except food, beverages and tobacco)” decreased by 1.7%, 18.3% and 10.7%, respectively.

Foreign trade volume indices, February 2017
[2010=100]

The calendar and seasonally adjusted export volume index was 143.2
The calendar and seasonally adjusted export volume index which was 145.1 in January 2017, decreased by 1.3%, to 143.2 in February 2017. The calendar adjusted export volume index which was 135.9 in February 2016, increased by 1.8%, to 138.3 in February 2017.

The calendar and seasonally adjusted import volume index was 129.3
The calendar and seasonally adjusted import volume index which was 129.3 in January, remained the same in February 2017. The calendar adjusted import volume index which was 122.8 in February 2016, decreased by 3.3%, to 118.8 in February 2017.

Terms of trade was 106.7 in February 2017
Terms of trade is calculated by dividing the export unit value index by the import unit value index, then multiplying the result by 100. While terms of trade were 114.8 in February 2016, it decreased by 8.1 points to 106.7 in February 2017.

Foreign Trade Indices, January 2017

MuhasebeNews — Wed, 22 Mar 2017 11:31:29 +0000

The overall export unit value index increased by 0.6%
As compared with the corresponding month of the preceding year, the overall export unit value index increased by 0.6% in January. In the same month, compared to January 2016, while the index for “food, beverages and tobacco” and “manufactured goods (except food, beverages and tobacco)” decreased by 9% and 0.7%, respectively, the index for “crude materials (except fuels)” and “fuels” increased by 7.6% and 46%, respectively.

The overall import unit value index increased by 6.3%
As compared with the corresponding month of the preceding year, the overall import unit value index increased by 6.3% in January. While the index for “food, beverages and tobacco” decreased by 4.8%, the index for “crude materials (except fuels)”, “fuels” and “manufactured goods (except food, beverages and tobacco)” increased by 10.2%, 22.8% and 1.4%, respectively.

Foreign trade indices, January 2017
[2010=100]

The overall export volume index increased by 17.3%
The overall export volume index compared to the corresponding month of the preceding year increased by 17.3% in January. Compared with January 2016, the index for “food, beverages and tobacco” , “crude materials (except fuels)”, “fuels” and “manufactured goods (except food, beverages and tobacco)” increased by 24.2%, 29.9%, 19.5% and 12.6%, respectively.

The overall import volume index increased by 9%
In January, the overall import volume index compared to the corresponding month of the preceding year increased by 9%. The index for “food, beverages and tobacco”, “crude materials (except fuels)”, “fuels” and “manufactured goods (except food, beverages and tobacco)” increased by 16.2%, 13.3%, 15.9% and 4.6%, respectively.

Foreign trade volume indices, January 2017
[2010=100]

The calendar and seasonally adjusted export volume index increased by 3%
The calendar and seasonally adjusted export volume index which was 140.8 in December 2016, increased by 3%, to 145.1 in January 2017. The calendar adjusted export volume index which was 110.6 in January 2016, increased by 17.3%, to 129.6 in January 2017.

The calendar and seasonally adjusted import volume index decreased by 3%
The calendar and seasonally adjusted import volume index which was 133.6 in December 2016, decreased by 3%, to 129.6 in January 2017. The calendar adjusted import volume index which was 111.5 in January 2016, increased by 4%, to 116 in January 2017.

Terms of trade was 107.8 in January 2017
Terms of trade is calculated by dividing the export unit value index by the import unit value index, then multiplying the result by 100. While terms of trade were 113.9 in January 2016, it decreased by 6.1 points to 107.8 in January 2017.