ADVERTISEMENT

Trade surplus at EUR 436 mln in March

MNB

Image by Pixabay

In EUR terms, the value of exports fell by 7.3%, while that of imports by 5.5% in March 2020, compared to the same period of 2019, according to data published by the Central Statistical Office (KSH).

Image by Pixabay

Standing at approximately EUR 436 million, the balance of external trade in goods deteriorated by EUR 208 million.

KSH argues that the decline in global demand caused by the coronavirus epidemic resulted in a substantial deterioration in Hungaryʼs external trade performance.

In March, the value of exports amounted to about EUR 9.003 billion, while imports amounted to EUR 8.566 bln.

The share of EU member states was 77% in exports and 74% in imports.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.