KSH: Trade surplus for June; export/import volumes up
The Central Statistics Office (KSH) has released statistics on Hungarian trade for the first half of 2013, starting the list off by reporting that external trade showed a surplus of €581 million for June; for the period, export volume increased 2% against the second half of 2012, while import volume was up 3% half-on-half.
In June, exports were reported at €6.7 billion (HUF 1.978 trillion), with imports at €6.1 billion (HUF 1.805 trillion). The surplus on the trade balance was €581 million (HUF 172 billion) in the sixth month of the year.
Year-on-year, export and import volumes increased 1.9% and 3.2%, respectively.
For the first half of 2013, KSH reported a 1.9% decrease in the forint price level of external trade in goods and a 0.9% decrease in exports y.o.y. The euro exchange rate was up by 0.2%, and the US dollar down by 1.0% against the forint.
The export and import volumes of machinery and transport equipment increased by 2.5% and 2.6% respectively, y.o.y.; this segment comprises nearly 50% of volume. A “more dynamic” increase was seen in export/import volumes of manufactured goods, up by 6.1% in exports and 5.5% in imports.
In food, beverages and tobacco, export and import volumes were down by 8.2% and 3.8%, respectively, y.o.y., according to the figures, with KSH describing the decrease as “intensif[ying] for the second part of the period, mainly as a result of a drop in the exports of cereals and cereal preparations.”
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