The volume of export lessened by 1.9%, that of import by 9.8%, compared to the same period of the previous year. The surplus was EUR 458 million, the balance improved by EUR 756 million, year-on-year. The adjusted volume of export improved by 0.1% compared to November, that of import lessened by 0.3%
In December 2024 the value of export amounted to EUR 10.2 billion (HUF 4,197 billion), that of import was EUR 9.7 billion (HUF 4,008 billion).
In December 2024 compared to a year earlier the value of export decreased by 0.9%, that of import by 8.0% in EUR terms.
According to calendar-adjusted data, the volume of export lessened by 2.3%, that of import by 10%.
The balance of the external trade in goods improved by EUR 756 million. (The balance showed a EUR 72 million higher surplus than the one published in the first estimate.)
The HUF price level of the external trade in goods increased by 9.0% in exports and by 10% in imports, compared to the same month of the previous year. The terms of trade deteriorated by 1.0%. The HUF exchange rate depreciated by 7.9% against the EUR and by 12% against the US dollar.
The export volume of machinery and transport equipment decreased by 7.4%, its import volume by 10%. The volume of the commodity group of electrical machinery, apparatus and appliances, n.e.s. decreased by nearly one-fifth in export and by one-fourth in import, compared to the same period of the previous year. The export volume of the commodity group of road vehicles declined by one-tenth, its import volume slightly increasedcompared to the base period. The export volume of the commodity group telecommunication and sound recording and reproducing apparatus moderately decreased, its import volume, however, grew by a similar proportion. The volume of the power generating machinery and equipment commodity group declined minimally on the export side, and was around one-fifth lower on the import one, year-on-year. The aggregate commodity group of machinery and transport equipment increased the volume decline in total turnover by 4.3 percentage points on the export side, and heightened the import volume decrease by 4.7 percentage points.
The export volume of manufactured goods increased by 2.0%, their import volume lessened by 7.6%. The increase in export volume was due to the volume change in medicinal and pharmaceutical products. On the import side the volume decrease in chemical materials and products, n.e.s. had a decisive role The aggregate commodity group of manufactured goods slowed down the volume decline in total turnover by 0.6 percentage points in export, contributed, however, to the decrease in import volume by 2.6 percentage points.
The export volume of fuels and electric energy increased by 68%, their import volume was 15% lower than one year earlier. The growth on the export side is owing to the increase in the volume of natural and manufactured gas, the decrease on the import side is caused by the substantial fall registered in the import of electric current. The change in the turnover of fuels and electric energy held back the volume decline in total turnover by 2.1 percentage point in export, at the same time hastened the general decrease in import volume by 1.8 percentage points.
The export volume of food, beverages and tobacco became 4.8% lower, their import volume increased by 2.1%. The decrease in export was largely influenced by the change in the turnover of cereals and cereal preparations, the increase in import was impacted by the turnover change of tobacco and tobacco manufactures. The volume change realised by the aggregate commodity group strengthened the total export decrease by 0.4 percentage points, and slowed down the import volume decline by 0.1 percentage points.
The volume of export to the EU-27 member states lessened by 4.8%, the import from there decreased by 0.1%. The balance of the external trade in goods deteriorated by EUR 269 million, generating a surplus of EUR 500 million. This group of countries accounted for 74% of export and 72% of import.
In the extra-EU-27 trade, the volume of export increased by 7.7%, that of import fell by 27%. The balance of the external trade in goods with these countries improved by EUR 1.0 billion, showing a deficit of EUR 42 million.
In January–December 2024 the value of export amounted to EUR 144 billion (HUF 57 thousand billion), that of import to EUR 133 billion (HUF 52 thousand billion).
In January–December 2024 compared to one year earlier the volume of export decreased by 2.1%, that of import by 3.7%.
The balance of the external trade in goods improved by EUR 2.6 billion, the surplus was EUR 11.6 billion.
The HUF price level of the external trade in goods increased by 1.9% on the export side, and by 1.3% on the import one, compared to the same period of the previous year. The terms of trade improved by 0.6%. The HUF depreciated against the EUR by 3.5% and by 3.4% against the US dollar.
