KSH: Hungary’s trade surplus reaches €673 mln in November

Telco

Image by Pixabay

Hungary’s exports were up by a year-on-year 6.5% and imports by a year-on-year 7.7% in November, in euro terms, according to a first release of data published by the Central Statistical Office (KSH) this morning.

KSH reported that the balance of the trade surplus dropped by €36 million, while in the first eleven months of 2015, the euro value of exports and imports increased by 7.3% and 6% respectively.

For the month of November, exports reached €8.1 billion (HUF 2.521 trillion) and imports €7.4 bln (HUF 2.311 tln). The balance of the trade surplus reached €673 million (HUF 210 bln), with the share of European Union Member States at 81% for exports and 76% for imports, according KSH.

Data by KSH also show that, in euro terms, exports increased by a year-on-year 6.5% and imports by a year-on-year 7.7% in November. For the period of January to November 2015, exports reached €83.9 bln (HUF 25.952 tln), while imports amounted to €76.4 bln (HUF 23.647 tln) and the surplus on the trade balance was €7.4 bln (HUF 2.306 tln).

Compared to a year earlier, exports were up by 7.3% and imports by 6%, in euro terms, for the period of January to November 2015. Additionally, the surplus on the trade balance grew by a year-on-year €1.4 billion for the above mentioned period, KSH added.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.