KSH: Exports, imports down in August
Statistics released today by the Central Statistics Office (KSH) for August show decreases in both Hungarian exports and imports; the drops were 3.3% and 3.9%, respectively, year-on-year. On the plus side, the trade balance showed an improvement of €15 million y.o.y.
In August 2013, according to first estimates, exports amounted to €6.4 billion (HUF 1.914 trillion), while imports to €5.8 billion (HUF 1.728 trillion). The surplus on the trade balance was €621 million (HUF 186 billion) in the eighth month of the year. The share of European Union member states was 75% in exports and 71% in imports in August.
For the eight-month period, the value of exports was €53.5 billion (HUF 15.850 trillion), while that of imports was €49.0 billion (HUF 14.485 trillion) according to preliminary data. Exports and imports in Euro terms grew by 0.9 and 1.1%, respectively. The surplus on the trade balance was €40 million less than in the January-August period of 2012.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.