Report: Turkey’s Foreign Trade Indices, January 2014

Down below are Turkey’s Foreign Trade Indices for January 2014 as reported by Statistics Institute

The overall export unit value index decreased by 1.3%

As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 1.3%. In the same month, compared to January 2013, while the index for “food, beverages and tobacco” increased by 4.3%, the index for “crude materials (except fuels)”, “fuels” and “manufactured goods (except food, beverages and tobacco)” decreased by 0.8%, 6.4% and 0.7%, respectively.

The overall import unit value index decreased by 2.8%

From January 2013 to January 2014, the overall import unit value index decreased by 2.8%. The index for “food, beverages and tobacco”, “crude materials (except fuels)”, “fuels” and “manufactured goods (except food, beverages and tobacco)” decreased by 5.6%, 0.5%, 5.3% and 0.4%, respectively, as compared with the corresponding month of the preceding year.

Foreign Trade Volume Indices (2010=100), January 2014

The overall export volume index increased by 10.1%

The overall export volume index compared to the corresponding month of the preceding year increased by 10.1%. Compared with January 2013, while the index for “food, beverages and tobacco” and “manufactured goods (except food, beverages and tobacco)” increased by 8.7% and 13.9%, respectively, the index for “crude materials (except fuels)” and “fuels” decreased by 0.5% and 4.1%, respectively.

The overall import volume index increased by 5.6%

In January 2014, the overall import volume index increased by 5.6% compared to the corresponding month of the preceding year. The index for “food, beverages and tobacco”, “crude materials (except fuels)”, “fuels” and “manufactured goods (except food, beverages and tobacco)” increased by 6.6%, 16.8%, 12.1% and 3.1%, respectively.

The calendar and seasonally adjusted export volume index increased by 1.8%

The calendar and seasonally adjusted export volume index which was 128.5 in December 2013, increased by 1.8%, to 130.8 in January 2014. The calendar adjusted export volume index which was 105.4 in January 2013, increased by 10.1%, to 116 in January 2014.

The calendar and seasonally adjusted import volume index decreased by 0.5%

The calendar and seasonally adjusted import volume index which was 127.1 in December 2013, decreased by 0.5%, to 126.4 in January 2014. The calendar adjusted import volume index which was 104.8 in January 2013, increased by 5.6%, to 110.6 in January 2014.

Terms of trade was 100.6 in January 2014
Terms of trade is calculated by dividing the export unit value index by import unit value index, then multiplying result by 100. While terms of trade was 99 in January 2013, it was 100.6 in January 2014.

14.03.2014
SOURCE: TUIK