Friday, Dec 7, 2018. 11:52

Trade surplus narrows to EUR 293 mln in October

Hungary had a EUR 293 million trade surplus in October, narrowing by EUR 232 mln from the same month a year earlier, the Central Statistical Office (KSH) said in a first reading of data on Friday. In euro terms, exports increased by 6.5% and imports grew by 9.7% year-on-year in October 2018.

In October 2018, the value of exports amounted to EUR 9.456 billion, and that of imports to EUR 9.163 bln. The surplus of external trade in goods was thus EUR 293 mln.

The share of European Union Member States was 82% in exports and 73% in imports.

The trade surplus reached EUR 5.154 bln for the period January-October 2018, falling by EUR 1.671 bln from the corresponding period a year earlier. Exports were up 4.5% at EUR 87.899 bln during the period, while imports increased 7.0% to EUR 82.745 bln.

The KSH will publish a second reading of data for the October external trade in goods on December 21.

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.