The Turkish Statistical Institute (TurkStat) announced on Friday, September 12, 2025, that Türkiye’s export unit value index rose by 4.7% in July 2025 compared to the same month in 2024, signaling robust growth in the country’s export sector.

The institute’s latest data highlights significant increases across key sectors, alongside varied trends in import indices and an improvement in Türkiye’s terms of trade.

According to TurkStat, the overall export unit value index in July 2025 increased by 4.7% year-on-year. Notably, the index for food, beverages, and tobacco surged by 10.5%, while manufactured goods (excluding food, beverages, and tobacco) rose by 4.7%. Crude materials (excluding fuels) saw a modest increase of 0.9%, but the fuels sector experienced a decline of 6.1%.

The export volume index also showed strong growth, rising by 6.0% compared to July 2024. Significant gains were recorded in fuels (up 17.9%) and manufactured goods (up 9.6%), while crude materials (excluding fuels) increased by 4.6%. However, the food, beverages, and tobacco sector saw a volume decrease of 9.1% compared to June 2025.

On the import side, the overall import unit value index grew by a modest 0.4% year-on-year in July 2025. The food, beverages, and tobacco sector led with an 11.2% increase, while manufactured goods (excluding food, beverages, and tobacco) rose by 1.4%. Conversely, the fuels sector saw a sharp decline of 8.8%, and crude materials (excluding fuels) dropped by 5.6%.

The import volume index increased by 5.0% compared to July 2024. Fuels and manufactured goods saw volume increases of 6.5% and 7.6%, respectively, while food, beverages, and tobacco and crude materials (excluding fuels) declined by 2.3% and 1.9%, respectively.

The calendar and seasonally adjusted export volume index rose by 4.6%, from 150.6 in June 2025 to 157.5 in July 2025. The calendar-adjusted export volume index also increased by 6.0%, from 146.0 in July 2024 to 154.7 in July 2025. In contrast, the calendar and seasonally adjusted import volume index fell by 5.2%, from 130.3 in June 2025 to 123.5 in July 2025, though the calendar-adjusted import volume index rose by 5.0% year-on-year, reaching 129.7.

Türkiye’s terms of trade, calculated by dividing the export unit value index by the import unit value index and multiplying by 100, improved significantly. The terms of trade rose from 88.4 in July 2024 to 92.2 in July 2025, an increase of 3.8 points, reflecting a stronger position for Türkiye in international trade.

The robust growth in export value and volume, particularly in manufactured goods and fuels, underscores Türkiye’s resilience in global markets despite challenges such as fluctuating fuel prices. The mixed import trends, with declines in key sectors, suggest cautious demand in certain areas. The improvement in terms of trade signals a positive development for Türkiye’s economy, potentially boosting competitiveness in international markets.

TurkStat’s data highlights the dynamic nature of Türkiye’s trade landscape, with policymakers and businesses likely to monitor these trends closely as they navigate global economic uncertainties. (ILKHA)