The surplus of the external trade in goods amounted to EUR 366 million in April, the adjusted volume of exports decreased by 2.3%, that of imports lessened by 0.3%, compared to March, the Central Statistical Office says in its latest report released this Monday.
In April 2023, the volume of exports declined by 1.1% and that of imports by 5.1% compared to the same period of the previous year. The surplus was EUR 366 million, the balance improved by EUR 894 million year-on-year. Compared to March, the seasonally and working-day adjusted volume of export decreased by 2.3%, that of import lessened by 0.3%.
In April 2023:
The value of exports amounted to EUR 11.3 billion (HUF 4,303 billion), that of imports to EUR 11.0 billion (HUF 4,179 billion).
In April 2023 compared to a year earlier:
The value of exports increased by 2.2%, while that of imports decreased by 5.6% in EUR terms.
According to calendar-adjusted data, the volume of exports grew by 2.3%, while that of imports decreased by 1.7%.
The balance of the external trade in goods improved by EUR 894 million. (The balance is EUR 58 million higher than the one published in the first estimate.)
Calculated at April 2022 prices, the exports of machinery and transport equipment grew by 4.8%, their imports was 0.8% higher. The volume of exports of the commodity group of electrical machinery, apparatus and appliances, n.e.s., grew by nearly one-tenth, its imports hardly changed. The export volume of the commodity group of road vehicles surpassed by one-sixth, its import volume by nearly one-tenth the corresponding period of the previous year’s level. The export volume of power generating machinery and equipment decreased by nearly one-tenth, while their import volume grew by more than one-third. The volume of exports of the commodity group of telecommunications and sound recording and reproducing apparatus and equipment decreased by almost one-tenth, its import volume lowered by a few percents. The exports of the commodity group of general industrial machinery and equipment, n.e.s., slightly increased, its imports were up by nearly one-tenth compared to the same period of the previous year. The aggregate commodity group of machinery and transport equipment lessened the volume reduction in total exports by 2.5 percentage points and in total imports by 0.3 percentage points.
The export volume of manufactured goods became 5.9% lower, their import volume lessened by 10%. Trade in iron and steel and manufactures of metal, n.e.s. impacted both the export and import volume reductions, in addition, on the export side the rubber manufactures and on the import side the professional, scientific and controlling instruments turnover was also decisive. The aggregate commodity group of manufactured goods contributed by 1.9 percentage points to the volume reduction in total exports and declined the total imports side by 3.9 percentage points.
The HUF price level of the external trade in goods rose by 4.5% in exports and by 0.9% in imports compared to the same month of the previous year. The terms of trade improved by 3.6%. The HUF exchange rate weakened by 0.2% against the EUR and strengthed by 1.1% against the US dollar.
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