Özet:

The price of the product is one of the important determinants of foreign trade. Even if the price does not change in terms of national currency, a change in the value of the currency in terms of national currency will cause the value of the product in terms of foreign currency to change. This situation will affect the sales amount of the product, thus affecting the foreign exchange income of the country. Price elasticity of product demand is an important parameter in determining this amount. In this context, the exchange rate flexibility of foreign trade was tried to be determined by analyzing Turkey's Export and Import Quantity Indices classified according to ISIC REV.4 and the value of the US Dollar in Turkish Lira in the period of 2010 – 2018. According to the analysis, it has been determined that the exchange rate elasticity of Turkey's exports and imports is generally less than 1. These elasticity coefficients show that Turkey's exports and imports generally have an inelastic exchange rate flexibility. Within the framework of this general structure, it can be said that as the exchange rate rises, Turkey's export revenues as well as import expenditures will increase. It is necessary to determine the foreign trade policy in a way that will support the improvement and development of Turkey, taking into account the exchange rate as well as other variables affecting foreign trade.

Anahtar Kelimeler: