KSH: The volume of food exports decreased by 7.9 percent, while the volume of imports increased by 5.5 percent

By: Trademagazin Date: 2023. 03. 03. 11:20

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.