ADVERTISEMENT

Goods trade surplus at EUR 37 mln in August

MNB

In euro terms, the value of goods exports increased by 2.6% and that of imports by 1.3% in August 2019, compared to the same month of 2018, the Central Statistical Office (KSH) said in a first reading of data on Wednesday.

The balance of external trade in goods improved by EUR 99 million year-on-year in August.

The value of exports amounted to EUR 8.141 billion in August, while the value of imports was EUR 8.104 bln.

The share of European Union Member States was 80% in exports and 73% in imports.

In the period January-August 2019, exports were up 3.7% annually at EUR 72.225 bln, while imports rose 5.5% to EUR 68.898 bln. The trade surplus for the period thus stood at EUR 3.326 bln, narrowing by EUR 977 mln from the corresponding eight-month period of 2018.

The KSH will publish a second, more detailed reading of the August data on October 31.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.