KSH: The volume of exports of food, beverages, and tobacco decreased by 2.9 percent, while that of imports decreased by 11 percent

By: Trademagazin Date: 2023. 10. 02. 13:08

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In July, the export volume increased by 3.2 percent, while the import volume decreased by 5.4 percent compared to the same period of the previous year. The assets were 559 million euros, the balance improved by 1.9 billion euros compared to a year earlier, the Central Statistical Office (KSH) announced on Monday based on its second estimate.

Compared to June, the seasonally and working day-adjusted volume of exports decreased by 1.6 percent, and that of imports by 0.2 percent.

In July, the value of exports was 11.3 billion euros (4,266 billion forints), and the value of imports was 10.7 billion euros (4,054 billion forints).

Expressed in euros, the value of exports increased by 3.3 percent, while that of imports decreased by 13 percent compared to a year earlier.

Adjusted for the calendar effect, the export volume increased by 3.5 percent, while the import volume decreased by 4.5 percent.
The product foreign trade balance improved by 1.9 billion euros. (The balance is EUR 138 million less than in the first estimate.)

The price level of foreign trade product turnover, measured in forints, decreased by 5.7 percent in exports and 13 percent in imports compared to the same month of the previous year. The exchange ratio improved by 8.3 percent. The exchange rate of the forint strengthened by 6.2 percent against the euro and by 14 percent against the dollar, KSH announced.