Trade surplus reaches EUR 276 mln in July
Image by Pixabay
Hungary had a EUR 276 million trade surplus in July, up just EUR 19 mln from the same month a year earlier, the Central Statistical Office (KSH) said in a first reading of data on the external trade in goods on Friday. Both exports and imports rose 7.6% year-on-year.
The value of exports totaled EUR 9.003 billion, while imports were up at EUR 8.727 bln in July.
The share of European Union Member States was 80% in exports and 74% in imports.
For the period January-July, exports were up 3.8% annually at EUR 64.021 bln, while imports rose 5.8% to EUR 60.659 bln. The trade surplus for the period thus stood at EUR 3.361 bln, narrowing by EUR 1.003 bln from the first seven months of 2018.
The KSH will publish a second, more detailed reading of the July data on October 2.
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.