Hungary trade surplus reaches €753.4 mln in March

Analysis

Hungary had a €753.4 million trade surplus in March, up from €588.9 million a year earlier, the Central Statistics Office (KSH) said in a first reading of data on Friday. The monthly trade surplus was the biggest since June 2012. Exports fell 2.8% to €6.868 billion from the same period a year earlier. Imports were down 5.6% to €6.115 billion. The fall in exports followed a 1.3% yr/yr drop in February. Imports fell after a modest 0.3% increase in February. Both monthly drops came from a low base as both exports and imports were down yr/yr in March 2012. Exports fell yr/yr in four of the past six months and imports fell in three months in the period. The trade surplus amounted to €1.709 billion in January-March 2013. Exports edged down 0.1% to €19.891 billion and imports were down 0.2% at €18.182 billion. Hungary's trade surplus reached €6.82 billion in 2012, down €237 million from 2011. Full-year exports edged up 0.1% to €80.09 billion and imports increased 0.5% to €73.27 billion. KSH will publish a second reading of the data on June 3.

ADVERTISEMENT

Global GDP growth expected to be fastest in over 40 years Analysis

Global GDP growth expected to be fastest in over 40 years

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.