KSH: the foreign trade surplus in goods was 1.1 billion euros in February

In February, the value of exports was 12.3 billion euros (4,958 billion forints), while imports were 11.2 billion euros (4,499 billion forints). Expressed in euros, the value of exports decreased by 3.3 percent, while imports increased by 1.6 percent compared to a year earlier.

The price level of foreign trade goods in forints increased by 7.3 percent in exports and 5.5 percent in imports compared to the same month of the previous year. The terms of trade improved by 1.7 percent. The forint exchange rate weakened by 3.9 percent against the euro and 7.7 percent against the dollar.

The Central Statistical Office of Hungary detailed: the export volume of machinery and transport equipment fell by 17 percent, while imports increased by 1.2 percent. The main commodity group of machinery and transport equipment increased the volume decrease of total turnover by 9.8 percentage points on the export side and slowed down the volume decrease of total turnover by 0.6 percentage points on the import side.

The export volume of processed products decreased by 11 percent and its import volume by 8.9 percent. The main commodity group of processed products accelerated the volume decrease of total turnover by 3.2 percentage points in exports and 3.4 percentage points in imports.

The export volume of energy carriers was 57 percent higher and the import volume by 28 percent higher than a year earlier. The increase in turnover of energy carriers offset the decrease in volume of total turnover by 1.6 percentage points on the export side and 2.1 percentage points on the import side.

The volume of exports of food, beverages and tobacco was 11 percent lower and that of imports was 2.8 percent lower than in the same period of the previous year. The volume change realized by the main product group increased the volume decrease in total turnover by 0.8 percentage points in exports and 0.2 percentage points in imports.
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