KSH: the foreign trade surplus in goods was 978 million euros in June

The surplus of 978 million euros was 145 million euros lower than a year earlier. The seasonally and working-day adjusted volume of exports was 1.4 percent lower than in May, while that of imports was 1.6 percent higher.

In June, the value of exports was 12.3 billion euros (4,935 billion forints), while that of imports was 11.3 billion euros (4,541 billion forints). Compared to a year earlier, the value of exports in euros increased by 0.1 percent and that of imports by 1.4 percent.

Adjusted for calendar effects, the volume of exports decreased by 0.7 percent and that of imports increased by 5.9 percent.

The report also noted that the price level of foreign trade in forints increased by 2.7 percent in exports and 2.5 percent in imports compared to the same month of the previous year. The terms of trade improved by 5.3 percent. The forint exchange rate weakened by 1.9 percent against the euro and strengthened by 4.8 percent against the dollar.

The Central Statistical Office detailed: the export volume of machinery and transport equipment decreased by 1.2 percent, while its import volume increased by 6.8 percent. The main commodity group of machinery and transport equipment increased the decrease in total export volume by 0.7 percentage points on the export side, and increased the increase in total import volume by 3.2 percentage points on the import side.

The export volume of processed products decreased by 3.8 percent, while its import volume increased by the same amount. The main commodity group of processed products increased the volume decrease of total exports by 1.1 percentage points in exports, and contributed to the volume increase of total imports by 1.4 percentage points in imports.