697 million euro surplus in foreign trade

Accordingly, the foreign trade balance improved significantly, by 2,048 million euros, compared to the deficit of 1,352 million euros a year ago. In the first seven months, the euro value of exports increased by 10.6%, while that of imports decreased by 0.8%, thanks to which the balance of foreign trade turned into a surplus of 9,127 million euros, 5,060 million euros, compared to 4,067 million a year ago. against the euro deficit.

In 2022, overall exports increased by 19.5% compared to the previous year, while the euro value of imports increased by 29%, correspondingly the foreign trade balance worsened by 10,757 million euros, so there was a deficit of 9,133 million euros compared to the previous year. Against a surplus of 623 million euros. Last year’s drastic increase in the prices of energy carriers and other raw materials significantly worsened the exchange rates. The energy balance alone contributed EUR 9,988 million to the deterioration of the foreign trade balance last year.