The Turkish Statistical Institute released foreign trade indices for July. The export unit value index rose 8.2% compared with the same month last year.
The export unit value index increased by 6.5% for food, beverages and tobacco, 10% for raw materials, 39.4% for fuels and 6.1% for manufacturing.
Import unit value index increased
The import unit value index also rose 12.8% year on year in July. The index fell 3.3% for food, beverages and tobacco, while increasing by 23.7% for fuels, 11.6% for raw materials and 9.1% for manufacturing.
Decline in volume indices
The export volume index fell 4.9% in July compared with the same month last year. The index increased by 2.9% for food, beverages and tobacco and 6.4% for raw materials, while declining by 30.2% for fuels and 4.2% for manufacturing.
The import volume index also fell 6.9% year on year. This index increased by 24.4% for food, beverages and tobacco and 11.3% for raw materials, while decreasing by 8.6% for fuels and 7.7% for manufacturing.
Seasonally and calendar-adjusted data
According to the seasonally and calendar-adjusted series, the export volume index rose 2.7% from 139.6 in June to 143.3 in July. In the calendar-adjusted series, the index fell 4.9% from 149.4 in July 2025 to 142.1 in July 2026.
The seasonally and calendar-adjusted import volume index fell 8.7% from 125.7 in June to 114.7 in July. In the calendar-adjusted series, the index declined 6.9% from 129.2 in July last year to 120.3 in the same month this year.
Terms of trade fell to 91.3
The terms of trade, calculated by dividing the export unit value index by the import unit value index, was recorded at 91.3 in July 2026, down 4 points from 95.3 in July 2025.