KSH: The volume of exports of food, beverages and tobacco is 5.0 percent higher than that of imports
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.)
Related news
The increase in real wages affects consumption, which is important for stimulating the economy
The increase in real wages means that more money remains…
Read more >GKI: Do Hungarians really pay a lot of taxes?
In public discourse, we often encounter criticism of high domestic…
Read more >The growth of economic activity in the euro area slowed down in July
Instead of the expected moderate acceleration, the growth of economic…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >