KSH: The volume of food exports decreased by 7.9 percent, while the volume of imports increased by 5.5 percent
In December, the product foreign trade deficit was 168 million euros, compared to November, the adjusted volume of exports increased by 0.6 percent, while that of imports decreased by 5.0 percent, the Central Statistical Office (KSH) announced on Friday based on its second estimate.
According to the report, last December the export volume was 3.5 percent higher, while the import volume was 1.0 percent lower than in the same period of the previous year. The liabilities were 168 million euros, the balance improved by 190 million euros compared to a year earlier.
The value of exports in December was 11.2 billion euros (4,552 billion forints), and that of imports was 11.4 billion euros (4,619 billion forints). Expressed in euros, the value of exports increased by 12 percent and that of imports by 9.8 percent compared to the previous year.
Adjusted for the calendar effect, the volume of exports increased by 8.8 percent, and that of imports by 5.9 percent.
The price level of foreign trade product turnover measured in forints increased by 20 percent in exports and 23 percent in imports compared to the same month of the previous year. The exchange ratio deteriorated by 2.4 percent. The forint exchange rate weakened by 11 percent against the euro and 18 percent against the dollar.
Related news
Companies are recruiting more cautiously now than they planned at the beginning of the year
The average number of applicants remains particularly high in the…
Read more >The GKI business climate index decreased slightly in July
According to a survey by GKI Economic Research Ltd. –…
Read more >Table eggs rose by 30 percent in the first half of the year
According to European Commission data, the EU (EU27) was a…
Read more >Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >Top 10 Places for the Best Cottage Cheese Dumplings in Hungary
There’s a dish that transcends generations, evoking both the nostalgia…
Read more >