KSH: The volume of exports of food, beverages and tobacco increased by 6.2 percent
In November 2023, the volume of exports decreased by 3.6 percent and that of imports by 16 percent compared to the same period of the previous year. The assets were 1.6 billion euros, the balance improved by 3.0 billion euros compared to a year earlier, but it was 138 million euros less than the first estimate, the Central Statistical Office (KSH) announced on Thursday based on its second estimate.
Compared to October, the seasonally and working day-adjusted volume of exports decreased by 2.8 percent, and that of imports by 6.1 percent.
In November 2023, the value of exports was 13.0 billion euros (4,921 billion forints), and that of imports was 11.4 billion euros (4,322 billion forints).
Expressed in euros, the value of exports in November decreased by 3.1% and that of imports by 23% compared to a year earlier. Adjusted for the calendar effect, the export volume was 3.5 percent smaller, while the import volume was 16 percent smaller.
The price level of foreign trade product turnover measured in forints decreased by 6.7 percent in exports and 15 percent in imports compared to the same month of the previous year. The exchange ratio improved by 9.8 percent. The exchange rate of the forint increased by 6.9 percent against the euro and by 12 percent against the dollar.
Related news
KSH: the number of guests (1.4 million) in tourist accommodation establishments increased by 17 percent and the number of guest nights (3.4 million) by 16 percent compared to a year earlier in April
In April 2025, 1.4 million guests spent 3.4 million guest…
Read more >Russian cucumbers flood the EU: the market for Polish producers is tense
Although the European Union’s sanctions policy on Russian agricultural products…
Read more >The single market would get a new boost: EU strategy to break down trade barriers
The European Commission is set to revamp the single market…
Read more >Related news
An era ends, a new one begins – marketing leadership change at Eisberg
After two years, Judit Gál, the company’s marketing and communications…
Read more >A new era in the global economy? – New challenges for our country
May 2025 brought an acceleration of change in the global…
Read more >This is how you can keep your hair and skin healthy during the approaching summer heatwave
Styling, dyeing and blow-drying can all weaken the internal structure…
Read more >