The surplus widened by EUR 266 million from the same period a year earlier.
Exports of services rose 6.3% to EUR 7.378 bln. Imports were up 3.8% at EUR 4.674 bln.
Business services accounted for 36% of all exports, tourism services for 31% and transport services for 25%.
In imports, business services accounted for 54% of the total, transport services for 21% and tourism services for 19%.
Tourism provided around 52% of the surplus in services, with transport services contributing 31%.
Trade with other European Union member states accounted for 72% of Hungaryʼs exports of services and 77% of imports. Hungary had a surplus of EUR 1.7 bln with EU countries.
Hungaryʼs most important trade partners were Germany and the United States, accounting for 19% and 9% of total turnover, respectively.
The growth in the Q3 trade surplus was driven mainly by improvements in tourism, air transport and road transport services.
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.
