KSH: Hungary’s trade surplus up €113 mln in Feb



Hungary’s external trade surplus reached €979.2 million in February, up €112.1 mln as compared to the same period a year earlier, according to a first release of data published by the Central Statistical Office (KSH) today.

Exports increased by 8% year-on-year reaching €7.773 billion in February while imports rose to €6.794 billion (7.4%), KSH noted.

According to KSH, the trade surplus reached €1.509 bln in January-February, down from €1.571 bln in the same period last year. Exports were up 4.6% to €14.607 bln and imports rose 5.7% to €13.098 bln.

Responding to the KSH release, Gergely Suppan of Takarékbank said he anticipated continued growth of the trade surplus, albeit at a slower pace, corresponding to the outlook for industrial output growth, Hungarian news agency MTI reported. He added that the trade surplus could near €8.8 bln this year if oil prices fall well below 2015 levels. Conversely, the trade surplus could exceed €9 bln if oil prices remain at their current level, MTI reported.

Dávid Németh of K&H Bank attributed the larger-than-expected surplus in part to low energy prices, specifically to vehicle fuel prices, MTI added.


Karotin Developing Soil Management System in HUF 545 mln R&D... Land

Karotin Developing Soil Management System in HUF 545 mln R&D...

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Graphisoft Introduces Archicad Collaborate Construction

Graphisoft Introduces Archicad Collaborate

Meet the Expat CEO of the Year Nominees Awards

Meet the Expat CEO of the Year Nominees


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.