KSH: The volume of exports of food, beverages and tobacco increased by 35 percent, while the volume of imports increased by 10 percent

By: Trademagazin Date: 2024. 07. 01. 14:16

In April 2024, the volume of exports was 13, and that of imports exceeded the previous year by 2.5 percent. The asset amounted to 1.7 billion euros, the balance improved by 1.4 billion euros compared to a year earlier, the Central Statistical Office (KSH) reported on Monday based on its second estimate. The balance showed a surplus of 17 million euros smaller than the one reported in the first estimate.

Compared to March, the adjusted volume of exports decreased by 1.2 percent, while that of imports decreased by 1.8 percent.

The value of exports in April was 12.5 billion euros (4,926 billion forints), and that of imports was 10.8 billion euros (4,239 billion forints).

Compared to the previous year, expressed in euros, the value of exports increased by 9.2 percent, while that of imports decreased by 2.9 percent.

Adjusted for the calendar effect, the export volume increased by 1.4 percent, while the import volume fell by 6.6 percent.

The price level of foreign trade product turnover measured in forints increased by 0.6 percent in exports, while in imports it was 1.1 percent lower than in the same month of the previous year. The exchange ratio improved by 1.7 percent. The exchange rate of the forint weakened by 4.4 percent against the euro and 6.8 percent against the dollar, the KSH announced.
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