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February trade indices have been announced.

The Turkish Statistical Institute (TÜİK) has announced the foreign trade indices for February.

According to the data, the export unit value index decreased by 4.3% in February compared to the same month last year. The index showed a decline of 0.2% in food, beverages, and tobacco, 8.4% in raw materials (excluding fuel), 6.9% in fuels, and 4.3% in manufacturing industry (excluding food, beverages, tobacco).

The import unit value index decreased by 5.9% on an annual basis in February. Compared to the same month last year, the index fell by 3.1% in food, beverages, and tobacco, 17% in fuels, 4.1% in raw materials (excluding fuel), and 3.8% in manufacturing industry (excluding food, beverages, tobacco).

EXPORT QUANTITY INDEX

The export quantity index increased by 18.6% in February compared to the same month last year. During the same period, the index rose by 32.2% in food, beverages, and tobacco, 22.2% in raw materials (excluding fuel), 60% in fuels, and 14.7% in manufacturing industry (excluding food, beverages, tobacco).

On the other hand, the import quantity index decreased by 3.5% in February on an annual basis. The index showed a decrease of 6.4% in food, beverages, and tobacco, 19% in raw materials (excluding fuel), 2.8% in fuels, and an increase of 9.7% in manufacturing industry (excluding food, beverages, tobacco).

SEASONALLY AND CALENDAR ADJUSTED DATA

According to the seasonally and calendar adjusted series, the export quantity index increased by 1.7% from 152.8 in January to 155.5 in February. In the same manner, based on the adjusted series, the export quantity index increased by 13.9% from 125.3 in last year's February to 148.2 this year.

Similarly, the import quantity index increased by 6.3% from 116.1 in January to 123.3 in February. However, based on the adjusted series, the index decreased by 6.7% from 125 in last year's February to 116.6 in the same month this year.