KSH: import was growing faster than export in July

In July, the value of exports in euros was 5.0, while the value of import was 11.3 percent higher than one year before. Export surplus was 348 million euros, 410 million euros less than in July last year, according to a second estimate of the Central Statistical Office (KSH) published on Monday.

Exports of machinery and transport equipment decreased by 0.3 percent, while imports decreased by 9.6 percent year-on-year. At constant prices, exports of machinery and transport equipment decreased by 1.4 percent. Exports of road vehicles declined slightly, mainly due to the export of passenger cars, while imports increased by nearly one tenth. (MTI)