Hungary trade surplus €423.5 mln in January

Tourism

Hungary had a €423.5 million trade surplus in January, up from €325 million in December and slightly down from €432.1 million in January 2011, the Central Statistics Office (KSH) said in a first reading on Friday.

January exports grew 2.0% yr/yr to €6.253 billion after declining 1.1% yr/yr in December.

Imports rose 2.3% to €5.830 billion following a twelve-month import growth of 0.4% in the previous month.

Import growth has exceeded export growth for the third month in a row.

The twelve-month increases came from a high base as export grew 27.9% yr/yr and imports rose 30.7% in January 2011, both up from the growth rates in December 2010.

The January figures suggest that the near stagnation of imports and the drop of exports in December -- the first exports decline in two years -- was probably temporary.

Other European Union member states had a 76.7% share in Hungary's exports and a 66.8% share in its imports in January.

KSH will publish a second reading of the January data on April 3.

ADVERTISEMENT

Czech economic confidence weakens in July Analysis

Czech economic confidence weakens in July

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried 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.