KSH: The volume of exports of food, beverages and tobacco increased by 20 percent, while imports increased by 6.6 percent

By: Trademagazin Date: 2024. 08. 01. 12:10

In May, the product foreign trade surplus was 1.0 billion euros, the balance worsened by 218 million euros compared to a year earlier. Compared to April, the adjusted volume of exports decreased by 3.1 percent, while that of imports increased by 1.6 percent, the Central Statistical Office (KSH) announced on Thursday based on its second estimate.

The balance showed a surplus of EUR 145 million smaller than the one reported in the first estimate. The volume of exports was 5.8 percent, and that of imports was 5.0 percent less than in the same period of the previous year. The value of exports was 11.9 billion euros (4,625 billion forints), and that of imports was 10.9 billion euros (4,237 billion forints). Expressed in euros, the value of exports in May decreased by 8.6 percent, and that of imports by 7.7 percent.

Adjusted for the calendar effect, the volume of exports decreased by 6.0 percent and that of imports by 5.3 percent.

The price level of foreign trade product turnover measured in forints increased by 0.9 percent in exports and 1.1 percent in imports compared to the same month of the previous year. The exchange ratio worsened by 0.2 percent. The exchange rate of the forint weakened by 4.0 percent against the euro, and by 4.6 percent against the dollar, the KSH added.