Trade surplus reaches EUR 577 mln in May
In euro terms, exports were practically unchanged and imports rose by 2.9% in May 2018, compared to May 2017, shows a first estimate of monthly data on the external trade in goods. The surplus declined by EUR 245 million, impacted by there being one working day fewer in May 2018 than a year earlier.
In May 2018, the value of exports amounted to EUR 9.058 bln, down 0.1% year-on-year, and that of imports to EUR 8.481 bln, up 2.9%. The trade surplus thus totaled EUR 577 mln in May, according to figures from the Central Statistical Office (KSH).
The share of European Union member states was 81% in exports and 77% in imports, noted the KSH.
In January-May 2018, compared to the first five months of 2017, the value of exports amounted to EUR 43.793 bln, up 4% year-on-year, and that of imports to EUR 40.592, up 5.9%. The trade surplus thus totaled EUR 3.201 bln in January-May, some EUR 571 mln less than in the first five months of 2017.
A second estimate of data for the external trade in goods in May 2018 will be published on August 2. A first estimate of trade figures for June 2018 will follow on August 9.
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.