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The overall export unit value index in Turkey decreased by 1.6% in July 2020

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Foreign Trade Indices, July 2020 in Turkey

As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 1.6% in July. In the same month, compared to July 2019, while the index for food, beverages and tobacco increased by 1.1%, the index for crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) decreased by 4.2%, 36.8% and 0.8%, respectively.

The overall export volume index decreased by 4.1%

The overall export volume index compared to the corresponding month of the preceding year decreased by 4.1% in July. Compared with July 2019, while the index for food, beverages and tobacco, and crude materials (except fuels) increased by 8.2% and 15.4%, respectively, the index for fuels and manufactured goods (except food, beverages and tobacco) decreased by 34.1% and 3.7%, respectively.

Export unit value and volume indices, July 2020
[2010=100]

The overall import unit value index decreased by 9.4%

As compared with the corresponding month of the preceding year, the overall import unit value index decreased by 9.4% in July. While the index for food, beverages and tobacco increased by 1.1%, the index for crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) decreased by 12.4%, 36.0% and 3.8%, respectively.

The overall import volume index increased by 3.1%

In July, the overall import volume index compared to the corresponding month of the preceding year increased by 3.1%. While the index for food, beverages and tobacco, and manufactured goods (except food, beverages and tobacco) decreased by 26.5% and 3.4%, respectively, the index for crude materials (except fuels) and fuels increased by 3.1% and 6.7%, respectively.

Import unit value and volume indices, July 2020
[2010=100]

Foreign trade indices, July 2020
[2010=100]

The calendar and seasonally adjusted export volume index increased by 12.4%

The calendar and seasonally adjusted export volume index which was 147.6 in June 2020, increased by 12.4%, to 165.9 in July 2020. The calendar adjusted export volume index which was 166.5 in July 2019, increased by 1.2%, to 168.5 in July 2020.

The calendar and seasonally adjusted import volume index increased by 5.7%

The calendar and seasonally adjusted import volume index which was 124.3 in June 2020, increased by 5.7%, to 131.5 in July 2020. The calendar adjusted import volume index which was 130.2 in July 2019, increased by 6.4%, to 138.5 in July 2020.

Calendar and seasonally adjusted foreign trade volume indices, July 2020
[2010=100]

Terms of trade was 112.4 in July 2020

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 was 103.5 in July 2019, it increased by 8.9 points to 112.4 in July 2020.

Terms of trade, July 2020
[2010=100]

The next release on this subject will be on October 9, 2020.


Source: TurkStat
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