The surplus of the external trade in goods was EUR 1.7 billion in April, compared to March the adjusted volume of export decreased by 1.2% and that of import fell by 1.8%
The volume of export increased by 13% in April 2024 and that of import grewby 2.5%, compared to the same period of the previous year. The surplus was EUR 1.7 billion, the balance improved by EUR 1.4 billion year-on-year. Compared to March, the seasonally and working-day adjusted volume of export decreased by 1.2% and import fell by 1.8%.
In April 2024:
The value of export amounted to EUR 12.5 billion (HUF 4,926 billion), that of import was EUR 10.8 billion (HUF 4,239 billion).
In April 2024 compared to a year earlier:
The value of export increased by 9.2% and that of import lessened by 2.9% in EUR terms.
According to calendar-adjusted data, the volume of export increased by 1.4% and that of import decreased by 6.6%.
The balance of the external trade in goods improved by EUR 1.4 billion. (The balance showed a EUR 17 million lower surplus than the one published in the first estimate.)
The HUF price level of the external trade in goods increased by 0.6% in exports and lagged behind by 1.1% in imports, compared to the same month of the previous year. The terms of trade improved by 1.7%. The HUF exchange rate depreciated by 4.4% against the EUR and by 6.8% against the US dollar.
The export volume of machinery and transport equipment increased by 9.2%, their import declined by 3.5%. The export volume of the commodity group of electrical machinery, apparatus and appliances, n.e.s. increased minimally, its import volume slightly lessened. The export volume of the commodity group of road vehicles increased by nearly one-fifth, its import volume grew by a few percent compared to the base period. The export volume of the commodity group telecommunication and sound recording and reproducing apparatus increased by almost one-tenth, its import volume fell back by a few percent, year-on-year. The turnover of the power generating machinery and equipment commodity group increased by nearly one-tenth on the export side, while its import volume decreased by the same extent compared to the April 2023 level. The aggregate commodity group of machinery and transport equipment contributed the overall volume increase in total turnover by 5.3 percentage pointson the export side and decreased to the overall volume increase by 1.6 percentage points on the import one.
The export volume of manufactured goods became 15% higher, while their import volume increased by 10%. The volume increase of both export and import of the commodity group was impacted by the turnover of medicinal and pharmaceutical products. The aggregate commodity group of manufactured goods contributed to the overall volume increase in the export volume by 4.5 percentagepoints, and in import by 3.7 percentage points.
The export volume of fuels and electric energy increased by 16%, their import volume was 6.9% lower than one year earlier. The turnover growth in export can be explained by the significant increase in the volume of electrical energy. The decrease in import volume is explained by the fall of volume in crude oil and petroleum products. The turnover growth in fuels and electric energy contributed the increase of the overall export volume by 0.6 percentage pointsand moderated the growth in import volume by 0.6 percentage points.
The export volume of food, beverages and tobacco became 35% higher, while their import volume increased by 10%. The volume change was decisively driven by cereals and cereal preparations on the export side, and vegetables and fruit on the import side. The volume change realised by the aggregate commodity group increased the total export turnover by 2.4 percentage points, while raised the import growth by 0.6 percentage points.
The volume of export to the EU-27 Member States became 11% higher and that of import from there increased by 12%. The balance of the external trade in goods improved by EUR 16 million, generating a surplus of EUR 1.4 billion. This group of countries accounted for 76% of exports and 75% of imports.
In the extra-EU-27 trade, the volume of export increased by 21%, that of import declined by 17%. The balance of the external trade in goods with these countries improved by EUR 1.4 billion, showing a surplus of EUR 347 million.
In January–April 2024:
The value of exports amounted to EUR 49.0 billion (HUF 19.1 thousand billion), that of imports to EUR 43.4 billion (HUF 16.9 thousand billion).
In January–April 2024 compared to one year earlier:
The volume of export increased by 0.1%, that of import decreased by 6.9%.
The balance of the external trade in goods improved by EUR 4.1 billion, the surplus was EUR 5.6 billion.
The HUF price level of the external trade in goods lessened by 2.9% on the export side, and decreased by 4.8% on the import one, compared to the same period of the previous year. The terms of trade improved by 2.0%. The HUF depreciated against the EUR by 1.1%, and by 0.8% against the US dollar.
External trade in goods, January-April 2024
| Denomination | Export | Import | 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 | compared to the same period of the previous year | |
| Billion HUF | 19 102 | 97.2 | 16 916 | 88.6 | 2 186 | 1 618 |
| Million EUR | 49 023 | 96.1 | 43 430 | 87.7 | 5 592 | 4 097 |