The surplus of the external trade in goods amounted to EUR 1.6 billion in June, compared to May the adjusted volume of export decreased by 0.8% and that of import lessened by 1.5%
The volume of export increased by 10% in June 2023, while that of import decreased by 1.1% compared to the same period of the previous year. The surplus was EUR 1.6 billion, the balance improved by EUR 2.0 billion year-on-year. Compared to May, the seasonally and working-day adjusted volume of export decreased by 0.8% and that of import lessened by 1.5%.
In June 2023:
The value of export amounted to EUR 13.6 billion (HUF 5,029 billion), that of import to EUR 12.0 billion (HUF 4,448 billion).
In June 2023 compared to a year earlier:
The value of exports increased by 13%, while that of imports decreased by 4.1% in EUR terms.
According to calendar-adjusted data, the volume of exports grew by 6.9% and that of imports decreased by 3.3%.
The balance of the external trade in goods improved by EUR 2.0 billion. (The balance is EUR 87 million higher than the one published in the first estimate.)
The HUF price level of the external trade in goods decreased by 3.7% in exports and was down by 8.6% in imports compared to the same month of the previous year. The terms of trade improved by 5.4%. The HUF exchange rate strengthened by 6.6% against the EUR and by 8.9% against the US dollar.
Calculated at June 2022 prices, the export of machinery and transport equipment grew by 16%, while their import declined by 3.3%. The export volume of the commodity group of road vehicles grew by more than one-fourth, its import volume increased by more than one-seventh compared to the corresponding period of the previous year. The volume of export of the commodity group of electrical machinery, apparatus and appliances, n.e.s., grew by nearly one-fifth while its import did not change. Both the export and import volume of power generating machinery and equipment grew by nearly one-sixth. The export turnover of the commodity group of telecommunication and sound recording and reproducing apparatus slightly increased, its import lessened by the same amount compared to the same period of the previous year. The aggregate commodity group of machinery and transport equipment contributed to the volume growth in total exports by 8.7 percentage points, while contributing to the volume decrease on the total import side by 1.4 percentage points.
The export volume of manufactured goods became 0.6% higher, their import volume lessened by 3.8%. Trade in medicinal and pharmaceutical products impacted both the export and import volume changes, in addition, on the export side the miscellaneous manufactured articles, n.e.s. and on the import side the professional, scientific and controlling instruments turnover was also decisive. The aggregate commodity group of manufactured goods improved the volume growth in total exports by 0.2 percentage points and contributed to the overall volume decline on the total import side by 1.4 percentage points.
The export volume of fuels and electric energy increased by 53%, their import volume was 23% higher than in the same period of the previous year. The growth in both directions was due to the significant volume increase in the trade of petroleum and petroleum products. Fuels and electric energy increased the turnover change rate by 1.5 percentage points on the export side, while moderating the volume decrease by 2.8 percentage points on the import one.
The volume of export of food, beverages and tobacco became 3.3% lower, that of their import decreased by 1.8%. The reduction in both direction was mainly driven by cereals and cereal preparations. The reduction realised by the aggregate commodity group moderated the total export turnover volume by 0.2 percentage points while increased import decline rate by 0.1 percentage points.
The volume of exports to the EU-27 Member States became 11% higher while that of imports from there lessened by 1.3%. The balance of the external trade in goods improved by EUR 1.5 billion, generating a surplus of EUR 1.9 billion. This group of countries accounted for 77% of exports and 71% of imports.
In the extra-EU-27 trade, the volume of export increased by 7.2% while that of import lessened by 0.5%. The balance of the external trade in goods with these countries improved by EUR 543 million, showing a deficit of EUR 349 million.
In January–June 2023:
The value of exports amounted to EUR 77.4 billion (HUF 29.6 thousand billion), that of imports to EUR 73.1 billion (HUF 28.0 thousand billion).
In January–June 2023 compared to a year earlier:
The volume of exports rose by 6.4%, that of imports grew by 0.5%.
The balance of the external trade in goods improved by EUR 7.1 billion, the surplus amounted to EUR 4.4 billion.
The HUF price level of the external trade in goods was up by 6.8% in exports and grew by 3.0% in imports compared to the corresponding period of the previous year. The terms of trade improved by 3.7%. The HUF weakened by 1.6% against the EUR and by 2.6% against the US dollar.
External trade in goods, January–June 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 | 29 567 | 113.6 | 27 963 | 103.5 | 1 604 | 2 613 |
| Million EUR | 77 449 | 111.5 | 73 086 | 101.3 | 4 363 | 7 079 |
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2022 data revision
According to final data, exports amounted to EUR 142.5 billion (HUF 55,751 billion), imports to EUR 151.7 billion (HUF 59,347 billion) in 2022. The balance deficit of the foreign trade in goods was EUR 9.1 billion (HUF 3.6 thousand billion). The level of export was up by EUR 348 million (HUF 141.5 billion) and that of import grew by EUR 888.8 million (HUF 355 billion), the balance lagging behind the second estimate value published on 3 March 2023 by EUR 540.8 million (HUF 213.5 billion).