The surplus of the external trade in goods amounted to EUR 366 million in April, the adjusted volume of exports decreases by 2.3%, that of imports lessened by 0.3%, compared to March
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.)
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.
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 export volume of fuels and electric energy decreased by 0.5%, their import volume was 7.5% lower than in the same period of the previous year. The reduction may be explained by the significant volume decrease of electric current in exports and natural and manufactured gas in imports. Fuels and electric energy did not affect the rate of reduction on the export side, but in imports it increased by 1.0 percentage point.
The volume of exports of food, beverages and tobacco became 17% lower, that of their imports decreased by 3.6%. The reduction in export was mainly driven by cereals and cereal preparations and that of imports was due to the trade in vegetables and fruit. The volume reduction realised by the aggregate commodity group declined total exports by 1.3 percentage points and total imports by 0.2 percentage points.
The volume of exports to the EU-27 Member States became 1.3% lower and that of imports from there lessened by 7.7%. The balance of the external trade in goods improved by EUR 898 million, generating a surplus of EUR 1.3 billion. This group of countries accounted for 78% of exports and 69% of imports.
In the extra-EU-27 trade, the volume of export decreased by 0.1%, while that of imports grew by 0.8%. The balance of the external trade in goods with these countries deteriorated by EUR 4.1 million, showing a deficit of EUR 951 million.
In January–April 2023:
The value of exports amounted to EUR 50.5 billion (HUF 19.5 thousand billion), that of imports to EUR 49.1 billion (HUF 19.0 thousand billion).
In January–April 2023 compared to a year earlier:
The volume of exports rose by 5.8%, that of imports grew by 1.8%.
The balance of the external trade in goods improved by EUR 3.2 billion, the surplus amounted to EUR 1.4 billion.
The HUF price level of the external trade in goods was up by 11% in exports and grew by 8.3% in imports compared to the corresponding period of the previous year. The terms of trade improved by 2.8%. The HUF weakened by 5.0% against the EUR and by 8.2% against the US dollar.
External trade in goods, January–April 2023
| Denomination | Exports | Imports | Balance | |||
|---|---|---|---|---|---|---|
| value, at current prices | same period of the previous year=100.0% | value, at current prices | same period of the previous year=100.0% | value, at current prices | in the same period the of previous year | |
| Billion HUF | 19 546 | 117.8 | 19 036 | 110.2 | 510 | 1 196 |
| Million EUR | 50 536 | 112.0 | 49 116 | 104.6 | 1 420 | 3 246 |