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EUR 1.75 bln Trade Surplus in April

Trade

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Hungary had a EUR 1.75 billion trade surplus in April, widening from EUR 1.57 bln in the previous month, according to a second reading of data released by the Central Statistical Office (KSH) this week.

Exports rose 9.2% year-on-year to EUR 12.547 bln. Imports slipped 2.9% to EUR 10.798 bln. Trade with other European Union member states accounted for 76% of Hungary's exports and 75% of its imports during the month. 

Hungary's terms of trade improved 1.7% during the period as the forint weakened 4.4% against the euro and 6.8% to the dollar. 

For January-April, Hungary had a trade surplus of EUR 5.592 bln.

Exports fell 3.9% year-on-year to EUR 49.023 bln, and imports declined 12.3% to EUR 43.43 bln.

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