FOREIGN TRADE INDICES ON THE RISE

The overall export unit value index increased by 6.6% and the overall import unit value index jumped 25.7% in December 2021, compared to the same month of the previous year, according to the Turkish Statistical Institute (TurkStat). The overall export unit value index for food, beverages and tobacco increased by 3.5%, for crude materials (except fuels) by 15.9%, for fuels by 57.7% and for manufactured goods (except food, beverages and tobacco) by 4.8% in this period. The overall import unit value index surged by 21.7%, 45.1%, 112.7% and 11.4% for food, beverages and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco), respectively. The overall export volume index rose by 17.1% while the overall import volume index was up by 3.3% in the same period.