Hungary Trade Surplus at EUR 1.1 bln in May
Image by Pixabay
Hungary's surplus on external trade in goods stood at EUR 1.1 billion in May 2023, according to data published by the Central Statistical Office (KSH).
The value of exports amounted to EUR 12.9 bln, and that of imports to EUR 11.8 bln.
The share of EU Member States was 77% in exports and 69% in imports, the statistical office notes.
Compared to May 2022, the value of export increased by 5.2%, while that of imports decreased by 5.4% in EUR terms. Hungary's trade balance improved by EUR 1.3 bln.
The level of export of goods increased by 13% and the import of goods grew by 7.3% compared to April 2023.
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.