Tuesday, Jul 9, 2019. 11:15

Healthy trade surplus in May

The surplus in Hungaryʼs external trade in goods amounted to EUR 678 million in May, growing by EUR 185 mln year-on-year. In euro terms, the value of exports increased by 4.5%, while imports were worth 2.6% more compared to the same month of the previous year.

In May 2019, the value of exports amounted to EUR 9.428 billion, and that of imports to EUR 8.750 bln, according to a first estimate of data from the Central Statistical Office (KSH).

The share of European Union member states was 82% in exports, and 75% in imports.

In January-May 2019, exports were up 5.2% at EUR 46.044 bln, while imports rose 6.4% to EUR 43.268 bln. This resulted in a trade surplus in the first five months of EUR 2.776 bln, down EUR 347 mln on the corresponding period of 2018.

A second, more detailed reading of data for the external trade in goods in May will be published by the KSH on August 1.

Banking

Nagy Asks for Banks’ Cooperation on Workers Credit, Home Loan Rates

Art

Contemporary Korean Art Moves to Clark Ádám Tér

Government

Forecasts Accurate So Far, Key to Flood Defense, Orbán Says

Interview

Building a Culture of Excellence at Hotel Clark

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.