KSH: The volume of exports of food, beverages and tobacco is 5.0 percent higher than that of imports

By: Trademagazin Date: 2024. 03. 01. 11:46

In December 2023, the volume of exports decreased by 8.4 percent and that of imports by 0.8 percent compared to the same period of the previous year. The foreign trade liability was 271 million euros, the balance improved by 27 million euros compared to a year earlier, the Central Statistical Office (KSH) reported on Friday based on its second estimate.

Compared to November, the seasonally and working day-adjusted volume of exports increased by 1.5 percent, and that of imports by 14 percent.

The value of exports in December was 10.2 billion euros (3,897 billion forints), and that of imports was 10.5 billion euros (4,000 billion forints).

Expressed in euros, the value of exports decreased by 9.1 percent and that of imports by 9.0 percent compared to the previous year.

Adjusted for the calendar effect, the export volume decreased by 1.6 percent, while the import volume increased by 4.4 percent.
The product foreign trade balance improved by EUR 27 million to EUR 271 million. (The balance showed a deficit of 83 million euros larger than the first estimate.)