KSH: in February, the product foreign trade surplus was 1.7 billion euros

By: Trademagazin Date: 2024. 05. 02. 09:46

In February 2024, the export volume exceeded 3.4 percent, while the import volume was 4.7 percent lower than in the same period of the previous year. The assets were 1.7 billion euros, the balance improved by 1.2 billion euros compared to a year earlier, the Central Statistical Office (KSH) announced in its second estimate released on Thursday.

Compared to January, the seasonally and working day-adjusted volume of exports increased by 6.0 percent, and that of imports by 0.6 percent.

The value of exports in February was 12.7 billion euros (4,921 billion forints), and that of imports was 11.0 billion euros (4,265 billion forints).

Compared to the previous year, expressed in euros, the value of exports decreased by 1.5 percent, and that of imports by 11 percent. Adjusted for the calendar effect, the export volume increased by 2.8 percent, while the import volume was 5.5 percent lower.

The product foreign trade balance improved by 1.2 billion euros. (The balance showed a surplus of EUR 39 million more than the one announced in the first estimate.)