ADVERTISEMENT

KSH: Hungary’s February trade surplus revised downwards to €848 mln

Food

Hungary saw a €848 mln trade surplus in February, revising downwards from €935 mln in the first reading released on April 8, the Central Statistics Office (KSH) said in a second reading of data today.

The surplus was €41 mln over the surplus recorded in February 2014. Exports increased 6% to €7.2 bln. Imports were up 6.1% at €6.3 bln.

KSH said that the increase in the volume of machinery and transport equipment was 12% in exports and 9% in imports. The export volume of road vehicles grew by about one fourth, while their import volume hardly exceeded last February’s levels, KSH said. The import volume of telecommunications and sound recording and reproducing apparatus and equipment rose by more than one tenth, first of all due to the increased imports of TV- and mobile phones spare parts, the office added.

According to KSH, the export and import volumes of manufactured goods were up by 6.8% and 12%, respectively. The exports and imports of medicinal and pharmaceutical products, having the highest proportion in this commodity group, grew by one fifth and two fifths, respectively, KSH said. The import volume of fuels and electric energy – along with a price decrease in HUF terms – was 5.9% lower, KSH said, adding that this is due to the more than one fourth drop in the import volume of natural and manufactured gas having a one third proportion.

The export and import volumes of food, beverages and tobacco increased by 2.5% and 11%, respectively, KSH said. The exports of dairy products and eggs and feeding stuff of animals grew by more than one tenth, while the exports of live animals, tobacco and tobacco goods, which comprise a smaller proportion, dropped significantly, the office said.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.