PLASFEDDERGİ S|22

PLASFED DERGİ FROM THE INDUSTRY Selçuk Mutlu Acting Secretary General PLASFED EUR/USD parity made export to Eurozone more competitive Our industrialists in the domestic market were tro- ubled by the rise in both EUR and USD observed du- ring the first 5 months of 2018. On the other hand, our exporters, buying raw materials from countries such as Saudi Arabia and South Korea in USD and exporting more than 40% of total export products to the European region, were relieved by EUR/USD parity rising to a level ranging from 1.22 to 1.25 par- ticularly during the first 4 months of 2018, and the share of EU countries in our total product export vo- lume rose. The first 5 months of 2018 witnessed a considerable increase in both export and import compared to the same period of the previ- ous year. The actual rise in export experienced during the mentioned period was 9.0% in quantity and 19.2% in value, on average. The average rise in import in terms of quantity and value was 11.3% and 17.1%, respectively, during the same period. While the increase in the value of both export and import exceeding that in quantity demonstrates the overall rise in prices, the rise in our export unit prices appear to be higher than that in import unit prices. 100

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