KSH: Trade surplus for June; export/import volumes up

Figures

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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