ADVERTISEMENT

Trade surplus at EUR 1.1 bln in February

MNB

Image by Pixabay

In EUR terms, the value of exports increased by 3.9% and that of imports by 0.1% in February 2020 compared to the same period of the previous year, according to data by the Central Statistical Office (KSH).

Image by Pixabay

The balance of external trade in goods improved by EUR 343 million. The surplus itself amounted to EUR 1.1 billion.

The value of exports came to EUR 9.426 bln, while that of imports reached EUR 8.308 bln

The share of EU-27 member states was 81% in exports and 77% in imports.

Compared to the same month of 2019, the value of exports increased by 3.9% and that of imports by 0.1% in EUR terms.

KSH notes that the effect of the coronavirus epidemic on external trade will be available in the statistical agencyʼs second estimate, which will feature detailed data.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

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.