15 May 2010 /TODAY’S ZAMAN
Turkey’s export volume index dropped by 2.3 percent in the first three months of the year over the corresponding period of last year, while the export unit value index, an index of the overall price level for trade, rose by 9.4 percent during the same period, a recent report has shown.
The Turkish Statistics Institute (TurkStat) on Friday released its latest report on foreign trade indices for March 2010. According to the survey, imports experienced a boost in both volume and value in the January-March period of the year, up by 22.6 percent and 7.8 percent, respectively, compared to the same period one year earlier. With a year-on-year increase of 79.4 percent, mining was the sector that saw the highest rise in export volume in the first quarter, while it again enjoyed the largest surge in its export unit value index among other sectors during the same period, growing by 18.8 percent. The volume and price of imports of agriculture and forestry also rose the most in the first three months of 2010, with year-on-year increases of 32.3 percent and 13.6 percent, respectively.
According to the report, the overall export and import unit value indices were down by 11 percent and 8.8 percent, respectively, in March over the same month of the previous year. During this period agriculture and forestry witnessed the highest increase in both export and import prices, up by 27.8 and 21.3 percent, respectively. The same month saw both export and import volume indices increase from a year earlier, rising by 10.3 and 31.1 percent, respectively. The export volume of the fishing sector rose by 65.5 percent during this period, while the import volume of agriculture and forestry increased by 42 percent.