Trade surplus at €419 mln in May
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.
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