In October, Export Unit Value Index rose by 3.8%, and Import Unit Value Index increased by 3.9%

Forex - The export unit value index increased by 3.8% in October compared to the same month of the previous year. The index rose by 13.0% in food, beverage, and tobacco, by 7.0% in raw materials (excluding fuels), decreased by 9.3% in fuels, and increased by 3.0% in manufacturing (excluding food, beverage, and tobacco) compared to the same month of the previous year.

According to a statement from the Turkish Statistical Institute (TÜİK), the export quantity index decreased by 0.7%. In October, the export quantity index decreased by 0.7% compared to the same month of the previous year. The index decreased by 9.1% in food, beverage, and tobacco, increased by 0.9% in raw materials (excluding fuels), decreased by 17.4% in fuels, and increased by 5.8% in manufacturing (excluding food, beverage, and tobacco) compared to the same month of the previous year.

Import unit value index increased by 3.9% The import unit value index increased by 3.9% in October compared to the same month of the previous year. The index rose by 6.4% in food, beverage, and tobacco, decreased by 4.7% in fuels, and increased by 4.6% in raw materials (excluding fuels), and by 2.6% in manufacturing (excluding food, beverage, and tobacco) compared to the same month of the previous year.

Import quantity index decreased by 3.7% The import quantity index decreased by 3.7% in October compared to the same month of the previous year. The index decreased by 3.9% in food, beverage, and tobacco, decreased by 6.0% in raw materials (excluding fuels), decreased by 2.7% in fuels, and increased by 0.4% in manufacturing (excluding food, beverage, and tobacco) compared to the same month of the previous year.

Export and import unit value and quantity indices, October 2024 [2015=100]

Foreign trade indices, October 2024 [2015=100]

Export Import

Index Index

Sectors (SITC Rev.4) October 2023 October 2024 Change (%) October 2023 October 2024 Change (%)

Unit value indices

General 109.8 114.0 3.8 127.6 132.6 3.9

Food, beverage, and tobacco 96.5 109.0 13.0 112.0 119.2 6.4

Raw materials (excluding fuels) 110.3 118.0 7.0 125.1 130.9 4.6

Fuels 150.3 136.4 -9.3 171.1 163.1 -4.7

Manufacturing (excluding food, beverage, and tobacco) 109.7 113.1 3.0 111.0 113.9 2.6

Goods not classified elsewhere in SITC 160.6 212.7 32.4 179.4 248.7 38.6

Quantity indices

General 164.9 163.8 -0.7 129.4 124.6 -3.7

Food, beverage, and tobacco 197.7 179.7 -9.1 153.9 147.9 -3.9

Raw materials (excluding fuels) 169.1 170.6 0.9 107.1 100.7 -6.0

Fuels 269.5 222.7 -17.4 97.6 95.0 -2.7

Manufacturing (excluding food, beverage, and tobacco) 159.0 168.2 5.8 140.5 141.0 0.4

Goods not classified elsewhere in SITC 65.8 13.4 -79.6 343.5 228.3 -33.5

SITC: Standard International Trade Classification The seasonally and calendar-adjusted export quantity index decreased by 1.3% According to the seasonally and calendar-adjusted series, the export quantity index decreased from 148.0 in September 2024 to 146.1 in October 2024, reflecting a decrease of 1.3%. In the calendar-adjusted series, the export quantity index decreased from 162.6 in October 2023 to 155.1 in October 2024, a decline of 4.6%.

The seasonally and calendar-adjusted import quantity index increased by 6.5% According to the seasonally and calendar-adjusted series, the import quantity index rose from 117.3 in September 2024 to 124.9 in October 2024, an increase of 6.5%. In the calendar-adjusted series, the import quantity index fell from 123.9 in October 2023 to 121.1 in October 2024, a decrease of 2.2%.

Seasonally and calendar-adjusted foreign trade quantity indices, October 2024 [2015=100]

The foreign trade terms in October 2024 stood at 86.0 The foreign trade terms, calculated by dividing the export unit value index by the import unit value index, decreased by 0.1 points from 86.1 in October 2023 to 86.0 in October 2024.

Foreign trade terms, October 2024 [2015=100]