Trade surplus at €419 mln in May

Telco

Hungary had a €419.2 mln trade surplus in May, a decrease from the figures (€71.9 mln) of same month last year, as the trend of slowing exports and growing imports continued, the Central Statistics Office (KSH) revealed in a first estimate report today.

Measured in euros, exports and imports grew by 2.4% and 3.8%, respectively in May 2014 year-on-year. The trade balance surplus experienced a decrease of €72 mln compared to the corresponding month of last year.

According to this first estimate report, exports and imports totaled €7.0 bln and €6.6 bln, respectively. Trade balance surplus reached €419 mln. Exports from EU member sates comprised 79% of total exports, while import shares for the EU member states made up 73% of all imports in May.

In the period of January–May this year, the value of exports reached €34.9 bln, while imports totaled €32.0 bln. Exports and imports in the first quarter grew by 4.2% and 3.9%, respectively. The first quarter surplus on the trade balance was €183 mln more than in the corresponding period of last year.

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

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.