Economy Reports

Report: Turkey’s Foreign Trade Indices, October 2013

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FOREIGN TRADE TURKEY
TURKEY FOREIGN TRADE

TUIK (Turkish Statistics Institute) has publishes foreign trade indices for October 2013, as follows:

The overall export unit value index decreased by 1.2%

As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 1.2%. In the same month, compared to October 2012, while the index for “food, beverages and tobacco” and “manufactured goods (except food, beverages and tobacco)” increased by 5.4% and 0.4%, respectively, the index for “crude materials (except fuels)” and “fuels” decreased by 0.5% and 4.7%, respectively.

The overall import unit value index decreased by 1.9%

From October 2012 to October 2013, the overall import unit value index decreased by 1.9%. While the index for “manufactured goods (except food, beverages and tobacco)” increased by 1.6%, the index for “food, beverages and tobacco”, “crude materials (except fuels)” and “fuels” decreased by 4.7%, 2.4% and 7%, respectively, as compared with the corresponding month of the preceding year.

Foreign Trade Volume Indices (2010=100), October 2013

The overall export volume index decreased by 7.2%

The overall export volume index compared to the corresponding month of the preceding year decreased by 7.2%. Compared with October 2012, while the index for “food, beverages and tobacco”, “crude materials (except fuels)” and “manufactured goods (except food, beverages and tobacco)” increased by 1.2%, 7.7% and 1.9%, respectively, the index for “fuels” and “commodities not classified elsewhere in SITC” decreased by 31.2% and 86%, respectively.

The overall import volume index increased by 5.7%

In October 2013, the overall import volume index compared to the corresponding month of the preceding year increased by 5.7%. While the index for “food, beverages and tobacco”, “crude materials (except fuels)” and “fuels” decreased by 4.7%, 3.4% and 2.8%, respectively, the index for “manufactured goods (except food, beverages and tobacco)” and “commodities not classified elsewhere in SITC” increased by 5.2% and 232.4%, respectively.

The calendar and seasonally adjusted export volume index decreased by 3.7%

The calendar and seasonally adjusted export volume index which was 130.5 in September 2013, decreased by 3.7%, to 125.6 in October 2013. The calendar adjusted export volume index which was 137.6 in October 2012, decreased by 3.4%, to 132.9 in October 2013.

The calendar and seasonally adjusted import volume index increased by 2.8%

The calendar and seasonally adjusted import volume index which was 121.2 in September 2013, increased by 2.8%, to 124.6 in October 2013. The calendar adjusted import volume index which was 110.8 in October 2012, increased by 10.4%, to 122.4 in October 2013.

Terms of trade was 98.1 in October 2013

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 97.4 in October 2012, it was 98.1 in October 2013.

11.12.2013
SOURCE: TUIK

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